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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]
To get the water, they have to travel and make agreements with countries that have water resources. In some countries, political groups hold necessary resources hostage for concessions or money. [21] Supply-induced and structural scarcity demands for resources cause the most conflict for a country. [21]
The word Asia originated from the Ancient Greek word Ἀσία, [9] first attributed to Herodotus (about 440 BCE) in reference to Anatolia or to the Persian Empire, in contrast to Greece and Egypt. It originally was just a name for the east bank of the Aegean Sea, an area known to the Hittites as Assuwa.
Most water-related conflicts occur over fresh water because these resources are necessary for basic human needs but can often be scarce or contaminated or poorly allocated among users. Water scarcity worsens water disputes because of competition for potable water , irrigation , electricity generation and other needs. [ 8 ]
Natural resources can be a substantial part of a country's wealth; [7] however, a sudden inflow of money caused by a resource extraction boom can create social problems including inflation harming other industries ("Dutch disease") and corruption, leading to inequality and underdevelopment, this is known as the "resource curse".
Most important source of revenue: land, then scarce resources, then merchandise; Political economy—Most varied and easiest “The economy of the city” Truly the economy of the city; Economy at a smaller level; Sources of revenue involve merchandise, scarce resources, and taxes; Personal economy— Least important, quite varied
That ethnic name probably directly relates to a word ἰταλός (italós, "bull"), quoted in an ancient Greek gloss by Hesychius (from his collection of 51,000 unusual, obscure and foreign words). This "Greek" word is assumed to be a cognate of Latin vitulus ("calf"), although the different length of the i is a problem.
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. [55] The country is classified as "water stressed" with a water availability of 1,000–1,700 m 3 /person/year.