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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 nonrenewable resource played the largest role in the economic development of the Persian Gulf countries. gold oil silver water?
Oil is the nonrenewable resource that played the largest role in the economic development of the Persian Gulf countries. The discovery and extraction of oil in the mid-20th century transformed these nations, leading to significant economic growth, infrastructure development, and increased global influence. The wealth generated from oil exports has allowed Gulf states to invest in various sectors and improve living standards for their populations.
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 significant resource do Nigeria and Angola and Sudan have?
Nigeria, Angola, and Sudan are all significant oil-producing countries, with oil being a crucial resource for their economies. Nigeria has one of the largest oil reserves in Africa, while Angola is known for its offshore oil fields. Sudan, though less prominent in oil production compared to the other two, still has notable reserves that contribute to its economy. The oil sector in these countries plays a vital role in their economic development and international trade.
What natral resource supported economic development in Middle East?
Good old Oil
Why is that only some countries are joined in the developed countries?
Only some countries are classified as developed due to a combination of factors such as economic stability, industrialization, infrastructure, education, and healthcare systems. Historical context, including colonialism and resource distribution, also plays a significant role in shaping a country's development trajectory. Additionally, political stability, governance, and access to technology contribute to the disparities in development levels among nations. Overall, these factors create a complex environment that influences a country's ability to achieve and sustain development.
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
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 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.
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.
