Mo Ibrahim Quotes
Rwanda really did take very strong steps towards development. I mean, this place is unrecognizable. There's a very good management of economy and resources - it's a success story, and that's great.
The relationship of population increase economic growth is a critical one. If an underdeveloped country manages to have a 3% annual economic growth rate and also has a 3.2% population growth, at the end of the year, the average person is actually poorer than he was the previous year. South Korea, China, Thailand and India implemented successful population control and family planning programs before they were able to take advantage of economic development. To modernize, the country must be able to have a surplus of funds which can be invested in roads, schools, hospitals, and other facilities which can produce even more growth later. Too many new mouths to feed, clothe and care for can be a barrier to development even if the economy is reasonably good.
He was Governor-General of Korea when he made this statement.
Mohammed "Mo" Ibrahim is a Sudanese-British billionaire businessman. He worked for several telecommunications companies, before founding Celtel, which when sold had over 24 million mobile phone subscribers in 14 African countries. After selling Celtel in 2005 for $3.4 billion, he set up the Mo Ibrahim Foundation to encourage better governance in Africa, as well as creating the Ibrahim Index of African Governance, to evaluate nations' performance. He is also a member of the Africa regional advisory board of London Business School.