Africa is besieged with drought, war and famine, yet since 2000 it has also experienced monumental economic growth after decades of decline. Paved roads, electricity, and other infrastructure have improved, malls and Internet cafes are sprouting up, and cell phones have become ubiquitous, indicating a substantial rise in disposable income. What is behind the rebound? Will it last? Ted explores one of the world’s most intriguing economic trends in one of UC Berkeley’s 2012 Homecoming Faculty Seminars.
(Credits: UC Berkeley faculty seminar brochure)