The small West African nation of Equatorial Guinea is designated as an upper middle-income country by the World Bank, with a GNI per capita of more than $7,000 when measured in U.S. dollars. Equatorial Guinea also has a poverty rate of more than 76 percent, one of the highest rates in the world. Life expectancy at birth is only 64 years, and the infant mortality rate is almost 7 percent. Do some research on Equatorial Guinea and try to explain the apparent discrepancies listed above for this high-income country.