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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]
Overexploitation often occurs rapidly as markets open, utilising previously untapped resources, or locally used species. The Carolina parakeet was hunted to extinction. Today, overexploitation and misuse of natural resources is an ever-present threat for species richness.
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.
Environmental disasters have historically affected agriculture, wildlife biodiversity, the economy, and human health.The most common causes include pollution that seeps into groundwater or a body of water, emissions into the atmosphere, and depletion of natural resources, industrial activity, and agricultural practices.
Extractivism is the removal of natural resources particularly for export with minimal processing. [ 1 ] [ 2 ] [ 3 ] This economic model is common throughout the Global South and the Arctic region , but also happens in some sacrifice zones in the Global North in European extractivism.
When natural habitats are destroyed or natural resources are depleted, the environment is degraded; direct environmental degradation, such as deforestation, which is readily visible; this can be caused by more indirect process, such as the build up of plastic pollution over time or the buildup of greenhouse gases that causes tipping points in ...
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]
Because of the impact of humans on the natural environment in the recent geological period, the term ecological crisis is often applied to environmental issues caused by human civilizations such as: the climate crisis, biodiversity loss and plastic pollution which have emerged as major global challenges during the first few decades of the 21st ...