How to Create Thousands of Jobs in Africa: Ethiopia and Roses

Unemployment has been a constant talking point in the US since the recent Financial Crisis. The current official unemployment rate is around 5.5% down from a peak of 10%. Though many argue that the rate is understated (labor participation has gone down), the US rate has remained much lower than the unemployment rate in Sub-Saharan […]

US in 1800 = Uganda Today

British Economist Angus Maddison put together in 2007 the first comprehensive analysis of global incomes dating as far back as is possible, known as the Maddison Project). For the US and most of Western Europe the data is sporadic before 1800 but has yearly data after 1800. For the rest of the world the data starts […]