17
Jan

Max Oliva, Associate Director, Social Impact Management
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The Center for Global Development has just written in regards to two very interesting subjects which relate to Africa and a different way of picturing world income distribution.
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The first is in regards to Entrepreneurship in sub-Saharan Africa, with an interesting paper called “Why Are There So Few Black-Owned Firms in Africa?”, which analyzes survey data showing among other things, that most of the growth in this African region in the past decade has come from extractive industries, rather than from private, entrepreneurial activity. Moreover, these entrepreneurial activities are led by ethnic minorities such as Chinese, Middle Easterners or Caucasians–not black Africans. The paper focuses on domestic firms in Kenya, Tanzania, Uganda, Senegal and Benin.
The Center also offers a quite visual way of picturing global inequity in regards to income distribution, which compares the number of people living on less than $500 per year against those living with more than $120,000. CGD senior fellow Todd Moss and research assistant Sarah Rose take average income and distribution data to get a rough sense of what global income distribution looks like. It is a different way of picturing the more than 4 billion people at the bottom of the pyramid who live with less than $2 a day.
If you’re interested in entrepreneurship and Africa, take a look at Timbuktu Chronicles.

Comments

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