How do we improve the lifetime income of the next generation? In 1930, the famous economist John Maynard Keynes wrote his famous essay, Economic Possibilities for Our Grandchildren, imagining what economic progress might mean for future generations, and his predictions have come in handy. Nearly a century later, one of my favourite Economists Kristalina Georgieva raised the same questions in her essay. I realised I had been asking similar questions: what would it take to improve the economic possibilities of Africa’s grandchildren?
This question feels particularly urgent on our continent. Given that by 2050, one in every 4 people in the world is expected to be African. Africa is becoming the world’s youngest continent. And if this generation of children inherits low incomes, weak human capital, and limited assets, poverty will simply become intergenerational. So perhaps the better question is this: what is the alternative investment strategy, Africa can have
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