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Elephant Chart: The African Experience: A Comparative Analysis Using Twenty Selected Countries in Africa

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  • Bassey Enya Ndem (Ph.D)

    (Department of Economics, Faculty of Social Sciences, University of Calabar, P.M.B. 1115, Calabar, Nigeria)

  • Abuh-Amasi, Scholastica A.

    (Department of Economics, Faculty of Social Sciences, University of Calabar, P.M.B. 1115, Calabar, Nigeria)

  • Abang, Samuel

    (Department of Economics, Faculty of Social Sciences, University of Calabar, P.M.B. 1115, Calabar, Nigeria)

Abstract

International and Intra-national inequality in income distribution has continued to be a topic of interest to development economists and policy makers over the past three decades. This paper presents data for national income per capita of twenty selected African countries compiled by the World Bank group over a period of twenty years. The purpose of this paper is to study critically the factors that hindered African countries at the tail of the elephant chart from growing using recalculated growth rates and time series data from the World Bank. We employed both descriptive and quantitative analysis in examining the validity of the claim by the proponents of the elephant chart, who claimed that African countries did not benefit from globalization. The selected countries were divided into four income groups – low income, lower middle income, upper middle income and high income groups as classified by the World Bank. Our findings show’s that contrary to the claim by the elephant chart authors that countries at the tail (including African countries) did not benefit from globalization. On the contrary, African countries recorded significant growth brought about by globalization.

Suggested Citation

  • Bassey Enya Ndem (Ph.D) & Abuh-Amasi, Scholastica A. & Abang, Samuel, 2020. "Elephant Chart: The African Experience: A Comparative Analysis Using Twenty Selected Countries in Africa," International Journal of Research and Scientific Innovation, International Journal of Research and Scientific Innovation (IJRSI), vol. 7(2), pages 126-135, February.
  • Handle: RePEc:bjc:journl:v:7:y:2020:i:2:p:126-135
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    References listed on IDEAS

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    1. Branko Milanovic, 2012. "Global inequality recalculated and updated: the effect of new PPP estimates on global inequality and 2005 estimates," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 10(1), pages 1-18, March.
    2. Ms. Era Dabla-Norris & Ms. Kalpana Kochhar & Mrs. Nujin Suphaphiphat & Mr. Franto Ricka & Ms. Evridiki Tsounta, 2015. "Causes and Consequences of Income Inequality: A Global Perspective," IMF Staff Discussion Notes 2015/013, International Monetary Fund.
    3. Era Dabla-Norris & Kalpana Kochhar & Nujin Suphaphiphat & Franto Ricka & Evridiki Tsounta, 2015. "Causes and Consequences of Income Inequality; A Global Perspective," IMF Staff Discussion Notes 15/13, International Monetary Fund.
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