East Africa’s Prosperity Gap
East Africa appears to be doing well, with annual economic growth rates averaging around 6% and trade and foreign investment on the rise. But, across the region, the richest are the overwhelming beneficiaries of economic growth, while the poorest are falling further behind.
NAIROBI – In recent years, the narrative of a “rising Africa” has been embraced by some and debunked by others. But all agree on what social engineers call “inclusiveness” – the degree to which members of a society share in its prosperity. With it, say the boosters, Africa will rise. Without it, say the skeptics, it cannot.