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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]
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 ...
The assumption, based on technological optimism, was that communism would overcome any resource scarcity ever to be encountered. [24]: 292 For ideological reasons, then, orthodox Marxism has mostly been opposed to any concern with natural resource scarcity ever since Marx's own day.
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 ...
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.
A major drought in 2001 resulted in China losing 6.4 billion U.S. dollars of crops as well as reducing water supply for “33 million rural people and 22 million livestock.” [35] There may be a big impact on the spatial and temporal distribution in China's water resources, increasing extreme weather events and natural disasters.
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 ...
Data indicates that political stability will likely suffer because of increased climate tensions; environmental issues, although they are typically not prioritized by governments in the Middle East, tend to exacerbate political and social tensions within and between countries due to resource scarcity and unequal distribution. [22]