The Economics of Poverty

The Democratic Republic of the Congo is the world’s poorest country, with a large majority of its 70 million citizens living in absolute poverty. For a long time, poverty in Africa has been seen as a purely humanitarian issue. But could the answer just be good economic management? Unfortunately, this is a situation with a very clear solution that is impossibly hard to attain.

Poverty is a tough issue to deal with, but in this video, we’ll attempt to explore some of the fundamental causes of this poverty and see how they impact the Congo’s fragile economy.

#DRC #Congo #Economics

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References –

Nest, M.W., Grignon, F. and Kisangani, E.F., 2006. The Democratic Republic of Congo: Economic dimensions of war and peace (Vol. 53). Boulder, CO: Lynne Rienner.

Clément, M.J.A., 2005. Postconflict Economics in Sub-Saharan Africa, Lessons from the Democratic Republic of the Congo. International Monetary Fund.

Cingano, F., 2014. Trends in income inequality and its impact on economic growth.

Benedek, D., Crivelli, E., Gupta, S. and Muthoora, P., 2014. Foreign aid and revenue: Still a crowding-out effect?. FinanzArchiv: Public Finance Analysis

Zhao, F., Squires, N., Weakliam, D., Van Lerberghe, W., Soucat, A., Toure, K., Shakarishvili, G., Quain, E. and Maeda, A., 2013. Democratic Republic of the Congo». Bulletin of the World Health Organization

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