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The exploitation of natural resources describes using natural resources, often non-renewable or limited, for economic growth [1] or development. [2] Environmental degradation , human insecurity, and social conflict frequently accompany natural resource exploitation.
Overexploitation occurs if a water resource, such as the Ogallala Aquifer, is mined or extracted at a rate that exceeds the recharge rate, that is, at a rate that exceeds the practical sustained yield. Recharge usually comes from area streams, rivers and lakes.
Exploitation may refer to: Exploitation of natural resources; Exploitation of Animals; Exploitation of labour. Forced labour; Exploitation colonialism; Slavery.
Extractivism is the removal of large quantities of raw or natural materials, particularly for export with minimal processing. [3] The concept emerged in the 1990s (as extractivismo) to describe resource appropriation for export in Latin America. [17]
The first model is defined by Hotelling's rule, which is a 1931 economic model of non-renewable resource management by Harold Hotelling. It shows that efficient exploitation of a nonrenewable and nonaugmentable resource would, under otherwise stable conditions, lead to a depletion of the resource.
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.
A satellite view of the sprawling Yanacocha gold mine, built two decades ago with the financial backing of the International Finance Corp., the private-lending arm of the World Bank. Locals have rallied against a planned expansion — highlighted in green — citing concerns of economic exploitation and environmental destruction.
The maximum rent is also known as Hotelling rent or scarcity rent and is the maximum rent that could be obtained while emptying the stock resource. In an efficient exploitation of a non-renewable and non-augmentable resource, the percentage change in net-price per unit of time should equal the discount rate in order to maximise the present ...