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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]
Overpopulation and inequitable resource allocation can make resource scarcity even more pronounced, creating a cyclical instability in the society. [10] Conversely, countries with natural resource abundance are impacted in a different way.
Share of population in extreme poverty over time. In China, poverty mainly refers to rural poverty.Decades of economic development has reduced urban extreme poverty. [1] [2] [3] According to the World Bank, more than 850 million Chinese people have been lifted out of extreme poverty; China's poverty rate fell from 88 percent in 1981 to 0.7 percent in 2015, as measured by the percentage of ...
Developing countries owe Chinese lenders at least $1.1 trillion dollars, according to a new data analysis published Monday, which says more than half of the thousands of loans China has doled out ...
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by economists Daron Acemoglu and James A. Robinson, who jointly received the 2024 Nobel Economics Prize (alongside Simon Johnson) for their contribution in comparative studies of prosperity between nations.
By 2004, poverty had fallen to 10 percent, [1] suggesting that approximately 500 million people had been lifted out of poverty in one generation. At the same time, the pace of change has brought mixed results. China faces serious natural resource shortages and environmental problems. As people live in different areas, the differences between ...
In 2021, Brazil's worst drought in almost a century threatened its electricity supply. [6] [7] Brazil relies on hydropower for two-thirds of its electricity.[8]Euractiv reported that European Commissioner for Climate Action Frans Timmermans told the European Parliament in Strasbourg that "about one fifth" of the energy price increase "can be attributed to rising CO 2 pricing on the EU's carbon ...
Critics of the steady-state economy usually object to it by arguing that resource decoupling, technological development, and the operation of market mechanisms are capable of overcoming resource scarcity, pollution, or population overshoot. Proponents of the steady-state economy, on the other hand, maintain that these objections remain ...