Sunday, October 14, 2007

Growth and Poverty

Luanda, from New York Times article

There's an interesting article in today's New York Times. In spite of increased spending on reconstruction and economic growth, many Angolans still live on less than $2 a day. There's nothing new or shocking in the article and they cover all the basics: Chinese, corruption, bad roads, poverty, and Western oil executives who shy away from the press because they are afraid of the government. There's a nice slideshow with the article. My favorite picture is the one above, which nicely shows the contrast of utter ruin and the oil boom.

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