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  • 2 years ago
IMF latest evaluation of Namibia's economic growth as at "healthy levels": Part 2

IMF latest evaluation of Namibia's economic growth as at "healthy levels": Part 2

Live discussion programme focused on the African development agenda

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talkingafrica

How sensible is the recent IMF evaluation of Namibia's economic growth as at "healthy levels" when the reality of living conditions and living standards of the ordinary majority, including the poor, and marginalised in the country is abysmal? GDP is an unreliable measure of well-being. Sadly it has become deeply entrenched after its "imposition" on Africa by "Western" institutions as the "prime measure" of a country's progress, a clear distinction from "prosperity" of citizens - the true "yardstick" for measuring well-being, and therefore a country's progress.