Explaining Failure.

The first 200 words of this essay...

By Zamokuhle Mngomezulu

09/11/2003

Economics Homework

Explaining Failure

Over the years 1965 and 1990, Sub - Saharan Africa when compared to South and South East Asian countries (the tiger economies of the period) has to a large extent grown less quickly. Overall, the actual difference in development among the regions selected is most vividly illustrated by the statistics of Sub - Saharan Africa. They have growth less quickly by negative four percentage points per year, over the time period of 25 years. Using Sub - Saharan Africa's initial conditions figure of 1.007 ( (0.7 / 100) + (100 / 100) ) as the base year, using -4.0 (the annual rate of growth), and taking into consideration 25 years, the actual difference in growth (based on the percentage point provide) between the tiger economies and Sub - Saharan Africa was determined in the following way;

Actual difference in growth over 25 years = initial conditions * annual rate of growth25 (years)

Which gives;

Actual difference in growth over 25 years (per person) = 1.007 * -1.0425

Which gives;

Actual difference in growth over 25 years (per person) = -2.68

In