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Bilateral and multilateral agreements are most important for third world countries since water is a scarce resource, and they will be the first to face water shortages. [100] The purpose of agreements is to ensure that all individuals have access to water as part of their fundamental basic human rights.
Although this number has increased since then, India's population count has made it the second-most populated country in the world, following close behind the first most populated country, China. [56] The country is classified as "water stressed" with a water availability of 1,000–1,700 m 3 /person/year. [57] 21% of countries' diseases are ...
Experts use it when evaluating water scarcity. This metric can describe the total available water resources each country contains. This total available water resource gives an idea of whether a country tend to experience physical water scarcity. [32] This metric has a drawback because it is an average.
The factor equalization theorem (FET) applies only to the most advanced countries. The average wage in Japan was once as big as 70 times the wage in Vietnam. These wage discrepancies are not normally in the scope of the H–O model analysis. [16] Heckscher–Ohlin theory is badly adapted to the analyze south–north trade problems.
China's surface water resources include 2598.44 cubic kilometers and groundwater resources amounted to 792.44 cubic kilometers as of 2022. As pumping water draws water from nearby rivers, the total available resource is less than the sum of surface and groundwater, and this amounted to 2708.81 cubic kilometers. [3]
Even after the agreement, the average U.S. tariff on China imports remained at about 19.3%, more than six times its level of 3% before Trump launched the tariff war.
China considers the self-governed island to be part of Chinese territory and protested the use of Taiwan. Instead of caving in, the northern European country asked for help. The U.S. and its ...
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]