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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]
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]
Resource nationalism applies to resources such as metals, and in less developed nations, mining investments. It is mainly enforced as an economic policy in an authoritarian or populist style [ 3 ] by governments that rely on state ownership or control of natural resources located within their territories to advance political, social or ...
These countries are usually behind because of obstacles such as lack of technology, unstable government, and poor education and health systems. [1] In some instances, the exploitation of periphery countries' agriculture, cheap labor, and natural resources aid core countries in remaining dominant.
The Line of Actual Control divides the China-controlled Aksai Chin and the Indian-controlled union territory of Ladakh. Map of the current buffer zone in Cyprus. A territorial dispute or boundary dispute is a disagreement over the possession or control of territories (land, water or airspace) between two or more political entities.
Medina's government was overthrown by a coup on 18 October 1945; an interim government was installed, which later gave way in 1948 to another democratically elected government presided by Rómulo Gallegos, during which the oil policy of "no more concessions" was promoted, which was also authored by the then Minister of Development of those two ...
Natural resource economics deals with the supply, demand, and allocation of the Earth's natural resources. One main objective of natural resource economics is to better understand the role of natural resources in the economy in order to develop more sustainable methods of managing those resources to ensure their availability for future generations.
The Government of India (referred to as the Union Government) is the governing authority of a federal union of 28 states and 8 union territories. The government of India is based on a three tiered system, in which the Constitution of India delineates the subjects on which