Posts Tagged ‘Bill Gates ’

Africa: The Best Guess

Thursday, May 16th, 2013

Sometimes a thesis comes along that’s so incisive, it upends the orthodoxy. Morten Jerven’s proposition is capable of that. His book, Poor Numbers: How We Are Misled By African Development Statistics and What To Do About It, presents an eye-opening case for changing how Africa’s economies are measured and understood.

Measuring the economy’s performance, particularly gross domestic product (GDP), is critical to African governments and the donors that provide them with financial aid. Jerven shows that econometric models used to inform critical decisions about African countries are based on irreconcilably faulty data.

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