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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]
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]
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.
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 ...
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 ]
According to libertarian think tank the Fraser Institute, both the idea of overpopulation and the alleged depletion of resources are myths; most resources are now more abundant than a few decades ago, thanks to technological progress. [230] The institute also questions the sincerity of advocates of population control in poor countries. [230] [231]
People queue up for soup and bread at relief tents in the aftermath of the Great Seattle Fire of June 6, 1889. In economics, scarcity "refers to the basic fact of life that there exists only a finite amount of human and nonhuman resources which the best technical knowledge is capable of using to produce only limited maximum amounts of each economic good."
The abundant resource that have comparative advantage realizes an increase in income, and the scarce resource realizes a decrease in its income regardless of industry. This trade theory concludes that some people will suffer losses from free trade even in the long-term. [9]