IL48: The Misunderstood Economics of Africa ft. Joe Studwell

<p>In this episode Kevin Coldiron is joined by bestselling author Joe Studwell who speaks about his new book <em>How Africa Works: Success and Failure on the World’s Last Development Frontier</em>. We discuss why many of our perceptions about Africa are wrong - why one big problem has been too few people, not too many and why the continent isn’t as resource-rich as we think. Joe talks us through some surprising success stories - like Rwanda’s emulation of Singapore and Botswana’s success in avoiding “the resource curse”. This is the time to begin researching and understanding the opportunities in a continent that has more land mass than the US, China and India combined and will eventually be home to the majority of the world’s young people.</p><p><strong>-----</strong></p><p><strong>50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - </strong><a href="https://dunncapital.com/DUNN%2050-Year%20Book-TTU" rel="noopener noreferrer" target="_blank"><strong>CLICK HERE</strong></a></p><p>-----</p><p><br /></p><p>Follow Niels on <a href="https://twitter.com/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>Twitter</strong></a>, <a href="https://www.linkedin.com/in/nielskaastruplarsen" rel="noopener noreferrer" target="_blank"><strong>LinkedIn</strong></a>, <a href="https://www.youtube.com/user/toptraderslive" rel="noopener noreferrer" target="_blank"><strong>YouTube</strong></a><strong> </strong>or via the <a href="https://www.toptradersunplugged.com/" rel="noopener noreferrer" target="_blank"><strong>TTU website</strong></a>.</p><p><strong>IT’s TRUE </strong>? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written&nbsp;<a href="https://www.toptradersunplugged.com/Ultimate" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>And you can get a free copy of my latest book “<strong>Ten Reasons to Add Trend Following to Your Portfolio</strong>” <a href="https://www.toptradersunplugged.com/10-reasons-shownotes" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Learn more about the Trend Barometer <a href="https://www.toptradersunplugged.com/resources/market-trends/" rel="noopener noreferrer" target="_blank"><strong>here</strong></a>.</p><p>Send your questions to&nbsp;<a href="mailto:info@toptradersunplugged.com%22%20%5Ct%20%22_blank" rel="noopener noreferrer" target="_blank">info@toptradersunplugged.com</a></p><p>And please <strong>share this episode</strong> with a like-minded friend and <strong>leave an honest Rating &amp; Review</strong> on&nbsp;<a href="https://www.toptradersunplugged.com/reviewttu" rel="noopener noreferrer" target="_blank"><strong>iTunes</strong></a>&nbsp;or <a href="https://open.spotify.com/show/2OnOvLbIV3AttbFLxuoaBW" rel="noopener noreferrer" target="_blank"><strong>Spotify</strong></a> so more people can discover the podcast.</p><p>Follow Kevin on <a href="https://kevincoldiron.substack.com/" rel="noopener noreferrer" target="_blank"><strong>SubStack</strong></a> &amp; read his <a href="https://riseofcarry.com/" rel="noopener noreferrer" target="_blank"><strong>Book</strong></a>.</p><p>Follow Joe on <strong><a href="http://linkedin.com/in/joe-studwell-773880ab?originalSubdomain=uk" rel="noopener noreferrer" target="_blank">LinkedIn</a></strong> and read his <strong><a href="https://www.amazon.com/How-Africa-Works-author/dp/0802158439/ref=sr_1_1?dib=eyJ2IjoiMSJ9.5PR72NdSh4qwXaPDQSq41kE5zdSCu_-70jeHLQ-beZT3tXpsNaEyBVV1X6e9b_8R7rDuFL9L81E8MS1cV569I_3FGLMnfLkF7wXNhV3p7jeCaZVnbPApy9MDMA8GlnnrsjuZyEQpm1Pl8dgxtlxZApHdVgioY6T1YpWuG604oMFqEkUM1dRSqYeh7hEAaSsO.LJ0uiQylsgmrCsmYsWWbaf5pM2TYG_ffRbqKwJ3GlZI&amp;dib_tag=se&amp;qid=1775416612&amp;refinements=p_27%3AJoe+Studwell&amp;s=books&amp;sr=1-1" rel="noopener noreferrer" target="_blank">book.</a></strong></p><p><strong>Episode TimeStamps: </strong></p><p><strong>00:01 -</strong> Introduction to the episode and guest</p><p><strong>02:04 -</strong> Why the book was written and initial motivation</p><p><strong>05:50 -</strong> Outsider perspective and reactions in Africa</p><p><strong>07:22 -</strong> The core idea: population density and development</p><p><strong>08:22 -</strong> Why Africa’s growth lagged historically</p><p><strong>14:23 -</strong> Population growth and changing economic potential</p><p><strong>15:39 -</strong> Colonialism in Africa vs Asia</p><p><strong>20:14 -</strong> Land, agriculture, and development differences</p><p><strong>23:55 -</strong> Rise of private sector and food production</p><p><strong>25:57 -</strong> Resources and the limits of extractive growth</p><p><strong>29:56 -</strong> Botswana and managing resource wealth</p><p><strong>36:21 -</strong> Rwanda’s development model and governance</p><p><strong>44:41 -</strong> Ethnic dynamics and future stability</p><p><strong>50:24 -</strong> China’s role and manufacturing potential</p><p><strong>56:04 -</strong> Investing in Africa and long term outlook</p><p>Copyright © 2025 – CMC AG – All Rights Reserved</p><p>----</p><p><strong>PLUS:</strong> Whenever you're ready... here are 3 ways I can help you in your investment Journey:</p><p><strong>1. eBooks that cover key topics that you need to know about </strong></p><p>In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. <a href="https://www.toptradersunplugged.com/resources/ebooks/" rel="noopener noreferrer" target="_blank"><strong>Click Here</strong></a></p><p><strong>2. 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