Some steps towards the Malawi we want
Greenwell Matchaya, PhD Email: Greenwellmatchaya@yahoo.com Malawi’s economy at present is between a 100 to 200 (or more years) behind many African countries and indeed behind advanced countries of Europe and North America. A simple economic growth calculation reveals that, to move from the current Gross National Income of circa $389 per capita to US$1037 per capita threshold for being categorized as a lower middle income country, and assuming the current 5% average growth rates of incomes per capita, it will take Malawi at least 63 years. Similarly, under the same assumptions, it will take Malawi, 111 years, 165 years, 188 years and 306 years to reach levels of per capita incomes enjoyed by Ghana, Namibia, Botswana, and Germany respectively. This is unacceptable and we must collectively reduce these ginormous time gaps in less than two decades by doing business differently, or we will perish. The encouraging ...
