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Joe Studwell

👤 Speaker
240 total appearances

Appearances Over Time

Podcast Appearances

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

It's not the case that there's a direct correlation that the more people you get, the better it is for forever and forever.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

It's about having a minimum...

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

a minimum density of people that means that you can afford the infrastructure, that you have the markets, that you've got the division of labour that's required to do complex things efficiently.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

Yeah, it's not a perfect science.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

And I'm just making historical analogies with what the case was in Asia.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

But I'm saying that clearly, you know, 9, 10 was way too low.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

You know, 50, 60 worked for Asia.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

But having been 50, 60 in Asia, it then tripled over the next 70 years.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

In East Asia, it's now around 150.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

But Africa will go to 150 on its current population trajectory.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

Okay.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

I mean, there's going to be 4 billion people at the end of the century in Africa and there'll be 4 billion people in Asia.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

And there will be only 2 billion people in the rest of the world if the UN's projections are to be believed.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

Yeah, I think that what African governments managed to do post-1960 in education is really underreported and was very important.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

So, I mean, again, it was this very low population density that meant the colonial governments couldn't raise tax either.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

So their response to not being able to raise any significant tax was to not run schools.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

And there were no schools bar missionary schools in Africa until the 1950s.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

I mean, one or two tiny exceptions.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

So obviously, South Africa was an exception.

Merryn Talks Money
Why Africa’s Population Boom Could Power Its Next Growth Era

Mauritius was an exception.