ECOLOGY
ENVIRONMENTAL ISSUES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Natural Resources should mean that the country needs to trade with neighboring countries
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Natural Resources should mean that a country has the means to increase GDP
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Natural Resources should mean that countries need money
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None of the above
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Detailed explanation-1: -An abundance of natural resources in a country means that development will come a lot easier to that country than for one where there isn’t much natural resource available. There is a positive relationship between natural resources and economic development.
Detailed explanation-2: -How the Resource Curse Works. The resource curse is a paradoxical situation in which countries with an abundance of non-renewable natural resources experience stagnant economic growth or even economic contraction.
Detailed explanation-3: -Natural resources have a double-edge effect on economic growth, in that the intensity of its use raises output, but increases its depletion rate. Natural resource is a key input in the production process that stimulates economic growth.
Detailed explanation-4: -They contribute towards fiscal revenue, income, and poverty reduction. Sectors related to natural resources use provide jobs and are often the basis of livelihoods in poorer communities. Owing to this fundamental importance of natural resources, they must be managed sustainably.
Detailed explanation-5: -The world’s population is increasing day by day and concurrently, the agricultural productivity is decreasing due to the degradation of natural resources and climate change. Consequently, agricultural productivity, production stability, food security, and income are negatively affected.