In 1953 South Korea emerged from the ravages of a debilitating war, yet the total gross domestic product in nominal terms has surged
31,000 fold since 1953.
In Kenya the
Gini coefficient of inequality is at around 0.45%. Therefore, the economic growth statistics present an unequivocal picture of a highly unequal society, whose development strategy is largely leading to accumulation of wealth by a few and worsening the poverty of the majority.