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The resource curse, also known as the paradox of plenty or the poverty paradox, is the hypothesis that countries with an abundance of natural resources (such as fossil fuels and certain minerals) have lower economic growth, lower rates of democracy, or poorer development outcomes than countries with fewer natural resources. [1]
Economic gains from natural resources are mostly beneficial when directed towards initiatives such as job creation, skill enhancement, capacity building, and pursuit of long-term developmental objectives. Thus, reliance on one or more natural resources holds financial risk when aiming for a stable economic growth. [28]
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Contrary to the notion that overexploitation is an exclusively contemporary issue, the phenomenon has been documented for millennia and is not limited to human activities alone. Historical evidence reveals that various cultures and societies have engaged in practices leading to the overuse of natural resources, sometimes with drastic consequences.
This glossary of geography terms is a list of definitions of terms and concepts used in geography and related fields, including Earth science, oceanography, cartography, and human geography, as well as those describing spatial dimension, topographical features, natural resources, and the collection, analysis, and visualization of geographic ...
AMSTERDAM (Reuters) -The head of the chemical weapons watchdog said on Thursday he would ask Syria's new leaders to grant investigators access to the country to continue work identifying ...
Bears receiver Keenan Allen said that issues ran deeper than that and went back to the offseason. “Too nice of a guy," Allen said, according to Kalyn Kahler of ESPN, via Dan Wiederer of the ...
Video of the terrifying incident ran on the station’s morning news program, capturing the sound of at least eight gunshots, then screams, and briefly showed Flanagan, 41, holding a gun.
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