Switzerland, Finland, and Austria never had colonies and are rich. South Korea, Taiwan, Singapore and Hong Kong were colonies and aren’t poor
Four charts show how the world is getting better, as Africa and Southeast Asia find freedom to develop>Noah Smith
The world’s poor have become a lot less poor. This is true of in middle-income countries such as Brazil, and in most African countries as well
Nigerian-Americans have a median household income well above the American average, and above the average of many white and Asian groups.
These eye-popping trends show Africa is undeniably on the verge of becoming an emerging market - with one big danger>Noah Smith
Whatever the reasons for the continent's past woes, the facts are undeniable. Africa's situation is changing fast, and for the better.