Concepts: Wealth of nations, role of institutions
Background: While Africa is abundant in natural resources, several African countries are among the poorest countries in the world. The Netflix series depicts the corruption of some African leaders and the legacy of apartheid in South Africa.
Question (Let’s Use Data): Find the most recent GDP per capita for five Sub-Saharan African countries. Compare the data to those of some developed countries (e.g., United States, Sweden, United Kingdom, Canada). Discuss if institutions play a role in encouraging economic growth. To answer this question, you may use the GDP per capita values (current U.S. dollars) from the World Bank website: https://data.worldbank.org/.