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What natural resource played a significant part in the economic development of the Persian Gulf countries?
Oil is the main reason for western intrusion and setting up state and country in Middle East from the start. Middle east country used to be more or less a tribal gather but was set to state and country by the coming of western oil company. By setting up the state and country, it come the trading for oil and goods and thus the system of economic development.
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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
What non renewable resource played the largest role in the economic development of the Persian gulf countries?
The non-renewable resource that played the largest role in the economic development of the Persian Gulf countries is oil. Discovered in significant quantities in the mid-20th century, oil exports transformed these economies, leading to substantial wealth accumulation, infrastructure development, and modernization efforts. The revenues from oil have allowed Gulf states to invest in various sectors, diversifying their economies and improving the quality of life for their populations. This reliance on oil has also made them vulnerable to fluctuations in global oil prices.
What nation does not have significant resources?
Liechtenstein is a nation that does not have significant natural resources. With a small area and population, Liechtenstein relies on industries like finance and tourism for economic development rather than natural resource extraction.
What natral resource supported economic development in Middle East?
Good old Oil
What has the author W J Okowa written?
W. J. Okowa has written: 'Political economy of development planning in Nigeria' -- subject(s): Economic policy, Dependency on foreign countries 'Urban bias in Nigerian development' -- subject(s): Economic conditions, Economic policy, Government policy, Income distribution, Regional disparities, Resource allocation, Rural conditions, Social aspects, Social aspects of Resource allocation, Social classes, Urban policy, Urbanization
What are limitations of development?
Limitations of development often include economic constraints, inadequate infrastructure, and lack of access to education and healthcare. Additionally, political instability and corruption can hinder effective governance and resource allocation. Environmental challenges, such as climate change and resource depletion, also pose significant barriers to sustainable development. These factors can create inequalities and impede progress in achieving long-term developmental goals.
How has the distribution of oil affected the development of the middle east?
The distribution of oil in the Middle East has played a significant role in shaping the region's development by creating wealth and influencing political dynamics. Countries with abundant oil reserves have experienced economic booms, but also faced challenges with resource dependency and wealth inequality. The control and access to oil resources have been closely tied to regional conflicts and geopolitical interests.
What does the paradox of plenty say?
The paradox of plenty, also known as the resource curse, refers to the situation where countries rich in natural resources often experience slow economic growth, corruption, and lack of development. This is because these countries can become overly dependent on their resource exports, leading to neglect of other sectors and vulnerabilities to price fluctuations in the global market.
What conservation rules did the Maoris have in place to make seafood a sustainable resource?
The Maoris had the principles of Māori Economic Development conservation in place to make seafood a sustainable resource.
What has the author Yuming Sheng written?
Yuming Sheng has written: 'Intersectoral resource flows and China's economic development' -- subject(s): Agriculture, Economic aspects of Agriculture, Economic conditions, Prices
What has the author Shanna Ratner written?
Shanna Ratner has written: 'Strategies for community economic development through natural resource use in northern New York' -- subject(s): Economic conditions, Rural development projects
How do you achieve sustainable economic growth?
There are a variety of ways to attain and maintain sustainable development. For example, when you cut down trees replace them with new saplings. As long as the resource is renewable and we use that and continue to maintain that resource then we can attain sustainable development.
