Resource Cursed

From Foreign Policy:

Imagine a tiny country flush with oil money, where the wealth per person is on par with that of Spain or Italy. Now picture a place quite the opposite, where nearly two-thirds of the population lives in extreme poverty and infant and child mortality rates are on par with those of the war-ravaged Democratic Republic of the Congo.

Impossible as it sounds, these two sentences describe the same place: Equatorial Guinea, a West African country home to roughly a half-million people. Earlier this month, the country’s president, Teodoro Obiang Nguema Mbasogo, marked the 30th anniversary of the coup that brought him to power.

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