This doesn’t mean anything though. The scheme that replaced Erasmus benefited far more students and cost less. Labour obviously want to get back into Europe and this is one of the slow ways of doing it. This was actually one of the few Brexit benefits where leaving the EU allowed the govt to design a far better replacement
Mowe and Ifo can’t really be counted as Lagos in any meaningful sense. But it’s a weird one. Families living in one room is not uncommon so can be very very cramped. But the rich probably have more space than those here. So the space gap between rich and poor is definitely a lot larger in Lagos than in London
@tosinolaseinde And to add, buildings cover only about 14% of London, if you add roads, railways and other built stuff you get up to around 30%. Gardens, green space and water make up about 65%
Botswana is in the middle of nowhere. It is so dry and arid that they practically worship rain even naming their currency after it. They won a lottery ticket with diamonds and Seretse Khama and did an astonishing amount of good with it (relative to the clown shows all around them).
The diamond show is now over and they now need to pick themselves up again from a very good position. What’s the story here?
Botswana did everything right: they put their diamond money in a sovereign wealth fund, funded education, successfully fought corruption, and tried to diversify their economy. And it hardly made a difference. Growth still reversed when the diamond market went bust. The education spending produced hardly any improvement in student performance. Turns out “good institutions” are not, in fact, the secret sauce, at least not on their own. This is not at all surprising if you have the right priors, but it’s very interesting to see it documented and quantified. Great article