Sunday, November 21, 2010

Resource Curse

Another Stern homework assignment I thought was pretty interesting, this time I plotted per capital GDP against per capital natural resources by country for the year 2000.  Both data sets come from the World Bank, which has a pretty nifty Data Visualizer that is reminiscent of Hans Rosling's Gapminder.  You can see Hans' inspirational TED talk here.

My chart shows that just two countries, Canada and Norway, have been able to achieve more than $20k in per capita GDP when more than $30k in per capita natural resources are available.  Why might this be?  Wikipedia has a good discussion of the phenomena.

 

You can see the data behind the chart here.