Ndongo Samba Sylla
Africa has always been one of the most profitable regions in the world. It is the region which devotes the highest share of its GDP to income payments to the rest of the world. Between the five decades that span between 1960 and 2009, this share has been rising and has nearly doubled. In the last decade, Africa was transferring as income payments 5.3% of its GDP on average to the rest of the world. Compare now this figure with those obtained from China (0.1%), the rich OECD countries (-0.4%), a growth success like Hong Kong (-1.5%), or an emerging country like India (0.7%). The conclusion is obvious: rich countries have tended to be net receiver (they don’t suffer important imbalances at least) of income whereas poor countries have tended to be net ‘exporters’ of income.