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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.
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]
Overexploitation is not an activity limited to humans. ... of natural resources is an ever ... networks in such countries leaves the resources of the natural ...
Some resources that are obtained through extraction include but are not limited to gold, diamonds, oil, lumber, water and food. [29] This occurs through techniques such as mining, drilling and deforestation. Resources are typically extracted from developing countries as a raw material. [29]
Natural resources can add substantial amounts to a country's wealth; [7] however, a sudden inflow of money caused by a resource boom can create social problems including inflation harming other industries ("Dutch disease") and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".
The Small Island Developing States (SIDS) are a grouping of developing countries which are small island countries and small states that tend to share similar sustainable development challenges. These include small but growing populations, limited resources, remoteness, susceptibility to natural disasters , vulnerability to external shocks ...
In northern Peru, the World Bank's business-lending arm is part owner of the Yanacocha gold mine, accused by impoverished farming communities of despoiling their land in pursuit of the precious ore. The bank and IFC have stepped up investments in projects deemed to have a high risk of serious and environment damage, including oil pipelines, mines and even coal-fired power plants, an ...
The Natural Resource Trap: Countries that are rich in natural resources are paradoxically usually worse off than countries that are not. Collier attributes this to a variety of causes: [ 3 ] Resources make conflict for the resources nearly inevitable due to the lack of transparency provided by government officials who often use surpluses of ...