In the 1980s and 90s, liberal economic reforms in Africa and Latin America were supposed to help decrease poverty and increase growth. However, research up to 1998 was not promising for the impact of these reforms. In fact, it showed that there was almost no improvement over almost 20 years. But patience is a virtue for a reason. It turns out that liberal reforms actually do have an impact, and now Johan Norberg explains what these reforms actually did for poor countries.
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The famine in Africa is now so severe that the United Nations speaks of the worst humanitarian crisis in its history, since 1945! So nothing has been done against world hunger for 70 years? Dead Wrong®. Globally the situation has much improved, but what is the “X Factor” holding portions of Africa back? Find out with Free To Choose® Media Executive Editor and Cato Institute Senior Fellow Johan Norberg.
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