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Why is Africa so expensive?

Here is a very good Substack post by Oliver Kim, here is the key paragraph: Intuitively, poorer countries have more of their labor forces and consumption baskets tied up in non-tradable subsistence agriculture, so when agricultural productivity grows


  • May 19 2024
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Why is Africa so expensive?
Why is Africa so expensive?
Here is a very good Substack post by Oliver Kim, here is the key paragraph:
Intuitively, poorer countries have more of their labor forces and consumption baskets tied up in non-tradable subsistence … [+922 chars]

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