Chapter 2 of the Todaro and Smith text discusses ways in which developing countries differ. The country of Equatorial Guinea in Sub-Saharan Africa represents an interesting case in this regard.

Sub-Saharan Africa is the poorest region in the world with an average GNI per capita of approximately $US 1,577 measured by the World Bank's Atlas Method.

Using the website of the World Bank and the website of the United Nations Development Program (UNDP), find the most recent (2021) information for Equatorial Guinea. (Note that Equatorial Guinea and Guinea are not the same country.)

GNI per capita (World Bank Atlas Method, $US):

HDI:

According to the latest World Bank Income Classifications, into which category does Equatorial Guinea fall? (i.e. is is Low Income, Lower Middle Income, Upper Middle Income or High Income?) (2 Marks)

According the UNDP, does Equatorial Guinea have a low, medium or high level of human development?

Now, carry out the same exercise for Paraguay.

GNI per capita (World Bank Atlas Method, $US): HDI: (1 Mark)

Income Classification:

Level of Human Development:

Something should strike you about these results. What is it?

Briefly give a possible explanation for the situation in Equatorial Guinea? In what noticeable way is this country's situation different from other sub-Saharan African countries?