Increasing polarization between the haves and have-nots has become a feature of our world. Reversing this shameful trend is the preeminent moral and humanitarian challenge of our age. In the global village, someone else’s poverty very soon becomes one’s own problem: of lack of markets for one’s products, illegal immigration, pollution, contagious disease, insecurity, fanaticism, and terrorism. Growth is not an end in itself. But it makes it possible to achieve other important objectives of individuals and societies. It can spare people en masse from poverty and drudgery. Nothing else ever has.
Countries with non-renewable natural resource wealth face special opportunities and special challenges. If used well, these resources can create greater prosperity for current and future generations; used poorly, they can cause economic instability, social conflict and lasting environmental damage.
The Yale Center for the Study of Globalization releases its newest e-volume exploring the sustainability of Africa’s current trajectory, analyzing which policies and practices have proven most effective throughout the region, and inquiring what needs to be done to keep Africa growing and address more effectively the acute poverty and human development problems that persist in some countries.