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The natural resources of different countries have become a subject of controversy. During the past three decades, experimental results illustrate that most countries with significant
The natural resources of different countries have become a subject of controversy. During the past three decades, experimental results illustrate that most countries with significant natural resources have not performed well in terms of economic development, whereas a considerable number of countries that have achieved sustainable growth and development possess few resources. The resource-dependent economies of Africa, Latin America and the Middle East, on the one hand, and Japan, Singapore and South East Asia on the other are cases in point. Step 2: In the space provided, write your answers with regards to these questions: Why do you think this is the case? Is it just a correlation, or are there some reasons for their economic failures
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