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A country with few Natural Resources may face economic challenges, as it could struggle to generate revenue from exports and may rely heavily on imports for essential goods. This can lead to trade deficits and increased vulnerability to global market fluctuations. Additionally, such a country may need to focus on developing human capital, fostering innovation, and investing in technology to drive economic growth. Ultimately, it might also seek to diversify its economy to reduce reliance on resource-based industries.
What else can I help you with?
Which country has a strong economy but few natural resources?
Japan
What may happen to a country that only has few natural resources?
There are a few problems and solutions to this situation. Firstly, if a country has few Natural Resources, it may have a bad economy. However, it can rely on trades, especially if it is a port city like Hong Kong or Singapore. Since there are a few natural resources, human resources can solve the problem as well, through education of the people to boost international cargo trade etc. However, these countries will have to depend on other countries for natural resources for projects. If these countries do not maintain good international relationships with many other countries, the country may fail as a whole since there are no resources at all to do anything. These countries may also be threatened by other countries who wish to exploit. Other big countries may increase the prices of their exports of resources to these countries, making them fall into a 'take it or leave it' situation.
Why was Japan dependent on other nations for resources?
Japan is (and has for a long time been) a small, heavily populated country with few natural resources - a bit like Britain in that respect.
Why was there a need to modernise in South Korea?
Because the country was devastated by the Korean war and has few natural resources so it had to industrialize.
What south American country lists uranium among its mineral resources?
Brazil lists uranium as one of its mineral resources. The country has significant uranium reserves and is one of the few South American nations with uranium mining operations.
How did Japan become so successful with so few natural resources?
they had confident men and already had enough weapons for the country's soldiers
How many resources does Canada have?
Canada has so many resources, to name a few are, oil, nickel, iron, lumber, fish, tourism and that is just for starters! That is why Canadians think it is the best country in the world!
Name a few natural resources?
Iron, Calcium, Sand, Dirt, and Oil are a few natural resources
Is Haiti still suffering from their earthquake?
Yes, Haiti is a very poor country with few resources, and there has been very little improvement in the time since the quake.
How can the presence or absence of natural resources and arable land affect a nations economy regardless of the type of economic system?
If a country has few resources and little land for crops, it may not be able to produce enough food and products for the people.
What countries devote all their resources to winning the war?
The term you are referring to is "Total War" in which a country devotes all resources/citizens to the war effort. There have only been a few instances in which an entire country has devoted all of their resources to war. An example would be Germany in WWII. They as a country put all efforts towards the war, though in the end, lost. Countries like U.S.A. and the U.S.S.R. put forth alot of their resources towards the war but not nearly all.
How alternative resources reduce the natural resources?
give few alternative resources so as to reduce the use of natural resources
