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The World's Poorest Country is Sitting on $24 Trillion
Listen to this episode from Economics Explained on Spotify. With GDP per capita of just $2 per day, the Democratic Republic of the Congo is one of the poorest, if not the poorest nation on Earth. However, this does not have to be the case. The country has massive deposits of rare earth minerals including Cobalt, which is an essential input to the production of lithium-ion batteries. The mineral resources are estimated to be worth $24 trillion. So why is the DRC so poor? Learn more about your ad choices. Visit megaphone.fm/adchoices
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The World's Poorest Country is Sitting on $24 Trillion
Listen to this episode from Economics Explained on Spotify. With GDP per capita of just $2 per day, the Democratic Republic of the Congo is one of the poorest, if not the poorest nation on Earth. However, this does not have to be the case. The country has massive deposits of rare earth minerals including Cobalt, which is an essential input to the production of lithium-ion batteries. The mineral resources are estimated to be worth $24 trillion. So why is the DRC so poor? Learn more about your ad choices. Visit megaphone.fm/adchoices
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https://open.spotify.com/episode/1RBcCKILjzOnI1QTbM0d3JThe World's Poorest Country is Sitting on $24 Trillion
Listen to this episode from Economics Explained on Spotify. With GDP per capita of just $2 per day, the Democratic Republic of the Congo is one of the poorest, if not the poorest nation on Earth. However, this does not have to be the case. The country has massive deposits of rare earth minerals including Cobalt, which is an essential input to the production of lithium-ion batteries. The mineral resources are estimated to be worth $24 trillion. So why is the DRC so poor? Learn more about your ad choices. Visit megaphone.fm/adchoices
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