Nov 18, 2004
Africa is desperately poor, despite being the recipient of tens of billions of dollars in aid over the past few decades. The United Nations (UN) Development Programme says sub-Saharan Africa's per capita gross domestic product (GDP) in 2002 was $469 compared with $22987 for affluent members of the Organisation for Economic Co-operation and Development. But American economist Jeffrey Sachs, in a Brookings Institution paper titled Ending Africa's Poverty Trap, maintains that only a huge infusion of carefully targeted public investment will pull Africa out of poverty.
































