Natural Resources And Economic Growth Essay

622 Words2 Pages

1. What impact do natural resources have on economic growth? Will it be possible for a country with few natural resources to grow rapidly? Why or why not.
Natural resources do help a particular country to make sure that, it grows at a rapid pace. There is an inverse relationship between natural resources and economic growth in the country. When, natural resources of a particular organization are abundant then, economic growth tends to be lower in comparison to the countries in which, natural resources are much higher. It will definitely be possible for a country to grow properly even without having natural resources. At the present time, there is a high level of globalization in the countries, therefore, the countries which have a lack of any natural resources can export the same from other countries.

2. Suppose you have just been appointed to a high level position in the economic analysis unit of the State Department. The secretary of state has asked you to prepare a memo describing the key policies and economic arrangements that a specific less developed country should follow...

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