IL48: The Misunderstood Economics of Africa ft. Joe Studwell

In this episode Kevin Coldiron is joined by bestselling author Joe Studwell who speaks about his new book How Africa Works: Success and Failure on the World’s Last Development Frontier. We discuss why many of our perceptions about Africa are wrong - why one big problem has been too few people, not too many and why the continent isn’t as resource-rich as we think. Joe talks us through some surprising success stories - like Rwanda’s emulation of Singapore and Botswana’s success in avoiding “the resource curse”. This is the time to begin researching and understanding the opportunities in a continent that has more land mass than the US, China and India combined and will eventually be home to the majority of the world’s young people.-----50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE-----Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Joe on LinkedIn and read his book.Episode TimeStamps: 00:01 - Introduction to the episode and guest02:04 - Why the book was written and initial motivation05:50 - Outsider perspective and reactions in Africa07:22 - The core idea: population density and development08:22 - Why Africa’s growth lagged historically14:23 - Population growth and changing economic potential15:39 - Colonialism in Africa vs Asia20:14 - Land, agriculture, and development differences23:55 - Rise of private sector and food production25:57 - Resources and the limits of extractive growth29:56 - Botswana and managing resource wealth36:21 - Rwanda’s development model and governance44:41 - Ethnic dynamics and future stability50:24 - China’s role and manufacturing potential56:04 - Inve