So Ethiopia was the fastest-growing country in the 2010s. But who will it be in the 2020s? Many of the countries in Africa have the potential. https://www.ft.com/content/c71cd2e5-7e32-4675-9680-e94bfd7f055d … via @financialtimes
Charlie, why is Ethiopia running into debt issues but China didn’t? Because China has, up until this point been better about securing foreign currency through exports?
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Primarily because China cut its fertility rate below 3 in the 1970s, so its savings and banking system were larger so it could self-finance investment (which led to export orientated makifacturimg base). Ethiopia’s fertility rate is still around 4 (too high)
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how would a lower fertility rate lead to a larger savings and banking system
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