The Political Economy of Black Panther's Wakanda

Subrick, J. Robert, The Political Economy of Black Panther's Wakanda (February 25, 2018). Available at SSRN: https://ssrn.com/abstract=3129750

Abstract: Black Panther is the hereditary leader of the African nation of Wakanda, a small, natural resource rich country, which lacks access to the sea. Historically the political leadership has tried to hide Wakanda ‘s existence from other countries which has limited its eco-nomic integration with the rest of the world. In spite of its geographic endowments, nota-bly the incredibly rare ore vibranium, Wakanda has attained unprecedented technological development. This chapter explores the political economy of Wakanda and its leader, Black Panther. After explaining the origins of Black Panther, the chapter turns to the economic puzzle of Wakanda by exploring the geographic and economic implications of isolation. This is followed by an investigation into the way Wakanda has avoided the re-source curse that has plagued so many other countries. Next, a comparison is made be-tween Wakanda and the nation of Botswana. While there are some telling similarities, the lack of democracy in Wakanda is a glaring difference. It will discuss how it has de-veloped high-levels of technology that help advance the Black Panther’s dictatorship. Fi-nally, it will address the potential for democracy to emerge in Wakanda. Black Panther offers an opportunity to understand the role of political institutions in affecting the long-run economic, political, and technological development of a country. 

H/t Tyler Cowen.