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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]
The dodo's naivety and the absence of natural defenses against human hunters and introduced species led to its rapid extinction. This case offers insight into how certain species, particularly those isolated on islands, can be disproportionately affected by human activities due to their evolutionary adaptations. [9]
Conversely, countries with natural resource abundance are impacted in a different way. Countries that are wealthy in resources have been shown to have disproportionate economic growth, less democracy, and overall insufficient development outcomes. [ 11 ]
Arable density (m² per capita) by country. This is a list of countries ordered by physiological density."Arable land" is defined by the UN's Food and Agriculture Organization, the source of "Arable land (hectares per person)" as land under temporary crops (double-cropped areas are counted once), temporary meadows for mowing or for pasture, land under market or kitchen gardens, and land ...
Again, in most cases, this will be due to economic reasons like search for profitable investment and commodification of natural resources. Reducing global land loss, which progresses at an alarming rate, is vital since the land footprint, the area required both domestically and abroad to produce the goods and services consumed by a country or ...
The depletion of resources has been an issue since the beginning of the 19th century amidst the First Industrial Revolution.The extraction of both renewable and non-renewable resources increased drastically, much further than thought possible pre-industrialization, due to the technological advancements and economic development that lead to an increased demand for natural resources.
In economics, land comprises all naturally occurring resources as well as geographic land. Examples include particular geographical locations , mineral deposits , forests, fish stocks, atmospheric quality, geostationary orbits , and portions of the electromagnetic spectrum .