How could an abundance of natural resources be detrimental to a country’s development?
How could an abundance of natural resources be detrimental to a country’s development?
How could an abundance of natural resources be detrimental to a country’s development?
a. It discourages them from developing the infrastructure necessary to manage a large, complex nation.
b. It encourages corruption in government officials and discourages reform.
c. It discourages the development of new technologies and industry.
d. All of the answers are correct.
Best answer:
Answer by Influence of Bastiat
I would say “e. None of the answers are correct.”
a. An abundance of natural resources would encourage the development of said resources as long as there were good private property laws to ration the resources. Case and point: US, Canada and Russia (before fall of the Czars).
b. An abundance of natural resources is not what encourages corruption in government. Case and point: Cuba and Haiti.
c. This is obviously wrong, it encourages more efficient means of gettng at the resources.
The answer is good governments encourage “a” and “c”, and don’t have “b”. Natural resources in a blessing that boost economic productivity. But you have to have free enterpirse and good private property laws to encourage economic growth.
What do you think? Answer below!
4pc CORELLE ABUNDANCE FRUIT STONEWARE CASSEROLE SET NEW
 | US $55.99 End Date: Sunday May-20-2012 15:39:45 PDT Buy It Now for only: US $55.99 Buy it now | Add to watch list |
Excellent 8 Corelle Corning Abundance Blue Burgundy Trim Saucers
 | US $14.99 End Date: Sunday May-20-2012 15:53:35 PDT Buy It Now for only: US $14.99 Buy it now | Add to watch list |
Related posts:
- How do the natural resources contribute to the prosperity of Italy?
- What is natural abundance of isotope and the needs to know about it?
- How to find the natural abundance of antimony 121 and 123?
- Brian Cole of Building Communities Tours American Communities to Discuss Economic Development Strategic Planning
- Having A Personal Development And Prosperity
D. Look at all the oil-rich nations that are also third-world nations (or have third-world attitudes despite their oil-wealth).