Extreme Inequality Drags South Africa's Economic Growth

In an interview Leonce Ndikumana, Andrew Glyn Professor of Economics, says that 47 percent of South Africans live in poor conditions, inevitably leading to a drag on growth in the economy.

He is a former Director of Operational Policies and Director of Research at the African Development Bank, Chief of Macroeconomic Analysis at the United Nations Economic Commission for Africa (UNECA), and visiting Professor at the University of Cape Town. An Honorary Professor of economics at the University of Stellenbosch, Ndikumana has contributed to various areas of research and policy analysis on African countries, including the issues of external debt and capital flight, financial markets and growth, macroeconomic policies for growth and employment, and the economics of conflict and civil wars in Africa. Co-author of Africa's Odious Debt: How Foreign Loans and Capital Flight Bled a Continent, in addition to dozens of academic articles and book chapters on African development and Macroeconomics,he is a graduate of the University of Burundi and received his doctorate from Washington University in St. Louis, Missouri.

Tuesday, January 28, 2014