Africa’s Population Boom: Will it mean disaster or economic and human development gains?

In a perfect world, where access to technology and the wealth are equally distributed, the GDP of each country would be proportional to its population. In the real world that relationship exists on average (see the dot charts below) but with significant deviations from the trend on a GDP per capita basis. Many developed countries, being relatively less populous than their developing counterparts, have high levels of GDP, while the GDPs of less-developed countries, especially in Africa, are disproportionally low.
  • According to the UN DESA baseline scenario, by 2100 Africa will become the world's most populous region, accounting for 39 percent of global population and replacing Asia as the key driver of global population growth.

Venezuela: No help from OPEC before the elections, hard times ahead

On Friday, 4 December OPEC decided to forgo an artificial - and rarely upheld - ceiling on crude oil output and maintain current crude oil production volumes, even as markets brace for an increase of Iranian oil in global markets.

The decision by OPEC left Venezuela - one of the members of the cartel most seriously affected by the decline in oil prices - without any hope for improvement in external economic conditions right before the elections. And what a historic elections these were, with the opposition winning the majority of seats in the National Assembly for the first time since the late President Hugo Chavez took office in 1999. Venezuela is struggling with the worst crisis in decades, a harsh reality for the President's party in the lead up to the elections. Many Venezuelans, faced with chronic shortages and triple-digit inflation, wonder how their country, an OPEC member with more oil than Saudi Arabia, has made them feel so poor.