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Submitted by Wolfgang on
Dear Fwamba, thanks for your valuable point. You are right that if natural resources in East Africa and along the coast up to Somalia become commercially viable and are exported on scale then these countries would join the MIC bandwagon even faster. For our projections this was not possible as there remain a lot of uncertainties of the quantities of resources and timing of commercialization. However, let me reemphasize our two main points (which we develop more deeply in the paper, First, there are more countries in MIC status than most people thought possible some ten years ago. Second, despite this good news, many development challenges remain as large as ever, especially many oil-rich countries have failed to improve services and reduce poverty. Best regards Wolfgang