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Why are African Countries so poor if they are rich in natural resources?
Wiki User
∙ 10y ago
There are various factors that contribute to the economic challenges faced by many African countries, including corruption, lack of infrastructure, political instability, ineffective governance, and unfair trade agreements. These issues often hinder the efficient extraction and utilization of Natural Resources for economic development, leading to limited benefits for the local population. Additionally, global market price fluctuations and environmental degradation can also impact the economic potential of natural resources in these countries.
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What argument is the author making in Lifeboat EthicsThe Case Against Helping the Poor?
The author of "Lifeboat Ethics: The Case Against Helping the Poor," Garrett Hardin, argues that helping the poor can ultimately harm both the rich and poor by depleting finite resources and promoting unsustainable population growth. He believes that a limited sharing of resources is necessary to preserve the well-being of both populations in the long run.
Why does Philippines remain poor despite its rich natural resources?
The poverty in the Philippines can be attributed to factors such as income inequality, corruption, inefficient governance, lack of infrastructure, and limited access to education and healthcare. These issues have hindered the country's ability to fully utilize its natural resources for economic development. Additionally, vulnerabilities to natural disasters and external factors like global market fluctuations also impact the country's economic growth.
What is the abstract form of poor?
The abstract form of "poor" could be "poverty" or "financial hardship." It represents a lack of material resources or inadequate financial means to meet basic needs or desires.
Are the poor rich?
No, poor individuals do not have sufficient financial resources to be considered rich. The lack of wealth and assets typically characterizes those in poverty.
Was Plato poor?
Plato was born into an aristocratic family and did not struggle financially. He received a good education and had access to resources that allowed him to pursue his passion for philosophy.
How does Canada use their natural resources?
They use some of their natural resources for food.
Why do poor countries have more natural resources?
More than what? Some poor countries do not have much by way of natural resources, others do but they are exploited by richer countries. The ‘oil curse’ refers to the fact that a country with oiled resources may well be subject to much war and exploitation.
Why don't poor countries react as well to natural disasters?
Being poor they haven't the resources to do much about them. Few hospitals, little rescue services.
Analyze the assertion that poor countries are responsible for their underdevelopment?
The idea that poor countries are responsible for their underdevelopment lies in the fact that they are not trying to change it. Citizens of these countries can make strides to change their situation by exploiting their natural resources.
What are fijis natural resources?
The natural resources are that you can go flowers & higher life & my family is poor
Is it rich or poor in natural resources?
depends where "it" is
How does the uneven distribution of natural resources affect world trade?
The uneven distribution of natural resources can create dependencies between countries, leading to imbalances in trade relationships. Countries with abundant resources have leverage in trade negotiations, while resource-poor countries may become reliant on imports, impacting their economies. Additionally, resource-rich countries may experience volatility in their economies due to fluctuations in resource prices on the global market.
What is the difference between the Philippines is rich in natural resources how would you differentiate it from the other Asian countries?
its the difference between good and poor english
If the us had been poor in the natural resources how would industrialization have been affected?
If the U.S. had been poor in Natural Resources, how would industrialization have been affected
If the us had been poor in natural resources how would industrialization have been affected?
If the U.S. had been poor in natural resources, how would industrialization have been affected
Do Ethiopia use there resources wisely?
Not yet that's why we are poor . we have got heaps natural resources . If we use our resources wisely we couldn't be poor .
Is Somalia poor?
Somalia is not poor, it has natural resources and gas, Somalia is almost Muslim country and have basic resources for the country.
