Natural Wealth and Growth in Sub-Saharan Africa
We compare rates of economic growth, poverty reduction, governance, and sources of productivity growth in resource-rich and resource-poor countries. We contrast the landscapes during the commodity boom with the current one during the pandemic crisis.
The conceptual framework of natural wealth that we approached in the previous video may be illustrated with cases drawn from Sub-Saharan Africa. With at least 250 million inhabitants in resource-rich African countries, natural assets are responsible for more than 80% of exports and 50% of government revenues in the region. As such, the high concentration of resource-rich countries in the area allows for direct comparisons with their resource-poor counterfactual regional neighbors.
We compare rates of economic growth, poverty reduction, governance, and sources of productivity growth in resource-rich and resource-poor countries. We contrast the landscapes during the commodity boom with the current one during the pandemic crisis.
