An over dependence can cause slower economic development
Developing nations play a crucial role in the rise of the global economy by serving as emerging markets that drive consumption and investment. Their growing populations and increasing purchasing power create opportunities for businesses worldwide, fostering trade and innovation. Additionally, these nations often have abundant natural resources and labor, which can enhance global supply chains and attract foreign direct investment. Overall, the economic growth of developing countries contributes significantly to global economic dynamics and stability.
The distribution of economic power between nations determines where materials are needed most. Because, at any point in time, there are finite amounts of natural resources, these resources are distributed where they are needed in the quantities they are needed.
The wealth of nations can be influenced by various factors such as natural resources, economic policies, governance, education, and infrastructure. Nations with abundant resources, stable governments, and effective economic strategies tend to be wealthier, while those facing corruption, conflict, and lack of development often remain impoverished.
factors of productions
capital resources, human resources, & natural resources
As with all developing nations, it chiefly relies on exporting it's natural resources.
Developing nations may exploit their resources faster due to less stringent environmental regulations, lower labor costs, weaker enforcement of land rights, and the pursuit of rapid economic growth. The focus on industrialization and natural resource extraction as a means of development can contribute to quicker exploitation of resources.
As developing nations industrialize and make use of capital resources new challenges to the supply of the worlds natural resources will no doubt appear because more and more resources are being used. Also there are more people to feed and provide resources for.
Well, one way is to give them money, and another way is to I've them natural resources.
Developing nations play a crucial role in the rise of the global economy by serving as emerging markets that drive consumption and investment. Their growing populations and increasing purchasing power create opportunities for businesses worldwide, fostering trade and innovation. Additionally, these nations often have abundant natural resources and labor, which can enhance global supply chains and attract foreign direct investment. Overall, the economic growth of developing countries contributes significantly to global economic dynamics and stability.
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
Natural disaster has equal intensity in all global regions who are disaster prone due to natural tectonic faults or other natural disasters , however the underdeveloped or developing nations have no resources or technology for both pre and post disaster management compared to developed nations.This is the reason that disasters are worse in undeveloped or developing nations than developed nations.
The distribution of economic power between nations determines where materials are needed most. Because, at any point in time, there are finite amounts of natural resources, these resources are distributed where they are needed in the quantities they are needed.
The wealth of nations can be influenced by various factors such as natural resources, economic policies, governance, education, and infrastructure. Nations with abundant resources, stable governments, and effective economic strategies tend to be wealthier, while those facing corruption, conflict, and lack of development often remain impoverished.
Natural Resources are distributed evenly among all nations
factors of productions
Roland M. Harper has written: 'The natural resources of Georgia' -- subject(s): Natural history, Economic conditions, Natural resources 'A forest census of Alabama by geographical divisions' 'Economic botany of Alabama' -- subject(s): Botany, Economic, Economic Botany, Plants 'Resources of southern Alabama' -- subject(s): Economic geography, Economic conditions, Natural resources