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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]
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 ...
The countries designated as small states include some of the most and least developed nations, resource-rich and resource-scarce countries, and both island and landlocked states. The diversity of small states is significant, in terms of their circumstances, interests, policy priorities, and resources.
Economic gains from natural resources are mostly beneficial when directed towards initiatives such as job creation, skill enhancement, capacity building, and pursuit of long-term developmental objectives. Thus, reliance on one or more natural resources holds financial risk when aiming for a stable economic growth. [28]
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 gets what". [19]: p. 105 The price system, or market prices, are one way to
One of the most prolific examples of resource war in history is the conflict over Chincha Island guano in the late 19th century. The Chincha Islands of Peru are situated off of the southern coast of Peru, where many seabirds were known to roost and prey on fish brought there by the currents of the Pacific Ocean . [ 3 ]
Jordan is considered one of the four most water scarce countries in the World. [17] The limited water resources are exposed to pollution. Population growth is expected to increase the pressure on available water resources. The National Water Strategy defines “water deficit” as “water demand” minus “water resources”.
There are two types of water scarcity. One is physical water scarcity and the other is economic water scarcity. [2]: 560 Some definitions of water scarcity look at environmental water requirements. This approach varies from one organization to another. [15]: 4 Global water consumption 1900–2025, by region, in billions m 3 per year