"Econ 102" with Noah Smith and Erik Torenberg cover image

Analyzing Economies Round 3: Middle East, Africa, South America, and North America

"Econ 102" with Noah Smith and Erik Torenberg

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Africa's Resource Legacy and Future

This chapter explores the historical impact of colonialism on resource extraction in Africa, focusing on the contrasts between Botswana's success and the challenges faced by Nigeria and other nations due to ethnic tensions. It discusses the potential future of Africa in a global context, particularly in light of shifting demographics and the decline of fertility rates. The chapter emphasizes the importance of effective governance and social services as key factors in navigating the resource curse and achieving stability.

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