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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]
A report [26] by Strategic Foresight Group, a think tank in Asia, details in the damage and destruction done to water systems and resources. The Middle East is an extremely water scarce region and any damage to this vital resource has an adverse impact on health, bio-diversity, and eco-systems in the region.
Scarcity involves making a sacrifice—giving something up, or making a trade-off—in order to obtain more of the scarce resource that is wanted. [ 19 ] The condition of scarcity in the real world necessitates competition for scarce resources, and competition occurs "when people strive to meet the criteria that are being used to determine who ...
The United Nations Development Programme says economic water scarcity is the most common cause of water scarcity. This is because most countries or regions have enough water to meet household, industrial, agricultural, and environmental needs. But they lack the means to provide it in an accessible manner. [23]
A total of 15 passages were deciphered from the unrolled scroll. The first word to be decoded, the Greek word for purple, was detected in October 2023 and can be found within the newly interpreted ...
Hesiod active 750 to 650 BC, a Boeotian who wrote the earliest known work concerning the basic origins of economic thought, contemporary with Homer. [3] Of the 828 verses in his poem Works and Days, the first 383 centered on the fundamental economic problem of scarce resources for the pursuit of numerous and abundant human ends and desires.
Under the environmental security perspective, resource scarcity perpetuates conflict by inciting pressures on a society that is dealing with resource deprivation. According to Homer-Dixon, populations struggling with resource scarcity are also impacted by overpopulation and inequitable resource allocation. [10]
In the future, international cooperation in sharing scarce resources will become increasingly important. Where scarcity is concentrated on the non-renewable resources that play the most important role in meeting needs, the most essential element for the realisation of human rights is an adequate and equitable allocation of scarcity. Inequality ...