The mixed blessings of globalisation in Africa

In this blog post Thieß Petersen from Bertelsmann Stiftung asks to what extent African countries have benefited from globalisation. In Africa the share of the overall population living in poverty decreased from 54 per cent to only 41 per cent between 1990 and 2013. Furthermore, African economies are reporting high current account deficits, which indicates low international competitiveness. Considered in this way, African countries have been left behind by globalization.

Path in the sand. Copyright: Antonio Cinotti on flick. (CC BY-NC-ND 2.0)

Path in the sand. Copyright: Antonio Cinotti on flick. (CC BY-NC-ND 2.0)