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The more Natural Resources a country has, the faster it will grow, all other things held equal (that is, assuming that the country does not have an abnormal situation with morale or labor or transportation that would interfere with the country's growth).
This is due to two big reasons, and several small ones I won't go into. I'll start with the most practical: The country in question can consume the resources as it works toward its own advancement, especially if the technology they are using is already known or freely shared from another source.
there is not necessarily any real correlation some of the country's of the world where a great deal of wealth is extracted from the earth the people live in abject poverty. South Africa is a good example. In many other places that produce various minerals and oil the country and its people are the beneficiary's of the pollution and the leaders usually propped up by wealthy Western country's reap the wealth.
What else can I help you with?
What is the significance of natural resources to the country economy?
Natural resources play a crucial role in a country's economy by providing raw materials for industries, generating employment, and contributing to exports. They can stimulate economic growth and development, particularly in resource-rich nations, by attracting investments and fostering infrastructure development. Additionally, the management and sustainable use of these resources can enhance energy security and environmental sustainability, ultimately supporting long-term economic stability. Overall, natural resources are fundamental to both immediate economic activities and broader national prosperity.
What East-Asian country has become increasingly active in purchasing and investing in the development of Africa's natural resources which it needs to fuel its own rapid economic growth?
China
What is the primary impact of natural resources on the economic growth of developing nations?
An over dependence can cause slower economic development
How do Russia's harsh climate and few navigable rivers affect its economic development?
Its Natural Resources.
When a country uses the resources of that country to their benefit it is known as what?
When a country utilizes its resources for its own benefit, it is referred to as resource management or resource utilization. This practice often involves the strategic exploitation of natural, human, and economic resources to promote economic growth and improve the overall well-being of its citizens. Effective resource management can lead to sustainable development and long-term prosperity.
What has the author Josef Falkinger written?
Josef Falkinger has written: 'A Theory of Employment in Firms' 'Distribution of natural resources, entrepreneurship, and economic development' -- subject(s): Economic development, Entrepreneurship, Natural resources
The economic development of the South has been shaped by its natural resources and a climate that is?
warm
What is the significance of natural resources to the country economy?
Natural resources play a crucial role in a country's economy by providing raw materials for industries, generating employment, and contributing to exports. They can stimulate economic growth and development, particularly in resource-rich nations, by attracting investments and fostering infrastructure development. Additionally, the management and sustainable use of these resources can enhance energy security and environmental sustainability, ultimately supporting long-term economic stability. Overall, natural resources are fundamental to both immediate economic activities and broader national prosperity.
What theory being observe in Philippines?
One theory being observed in the Philippines is the "Resource Curse Theory," which suggests that countries abundant in natural resources may face challenges such as corruption, economic instability, and slow development due to mismanagement or overreliance on these resources. The impact of this theory is being studied in the context of the Philippines' rich natural resources and how they contribute to the country's overall economic development.
Why are the natural resources in Venezuela important?
Natural resources in Venezuela, like oil, gas, and minerals, are crucial for its economy as they generate revenue through exports. These resources play a significant role in shaping the country's economic development and providing employment opportunities. Additionally, they contribute to the country's overall global influence and geopolitical importance.
What East-Asian country has become increasingly active in purchasing and investing in the development of Africa's natural resources which it needs to fuel its own rapid economic growth?
China
What is the primary impact of natural resources on the economic growth of developing nations?
An over dependence can cause slower economic development
How do Russia's harsh climate and few navigable rivers affect its economic development?
Its Natural Resources.
What is advantages of natural resources?
An advantage of Natural Resources would be the option for renewable resources.
What has the author John Vereker written?
John Vereker has written: 'Managing resources for development' -- subject(s): Conservation of natural resources, Developing countries, Economic conditions, Economic development projects, Economic policy, Management, Resource allocation
Why do some economists think that human resources are more important than natural resources in determining a countrys future?
Human resource contains immense importance and plays a fundamental role in the development of a country. skilled and trained human resource is necessary for proper utilization of natural resources. since human resource is an active ingredient while natural resource is passive in a way of development.
When a country uses the resources of that country to their benefit it is known as what?
When a country utilizes its resources for its own benefit, it is referred to as resource management or resource utilization. This practice often involves the strategic exploitation of natural, human, and economic resources to promote economic growth and improve the overall well-being of its citizens. Effective resource management can lead to sustainable development and long-term prosperity.
