All that glitters is not gold.”
“Right is still right, even if nobody is doing it. And wrong is still wrong, even everybody is doing it.” Texas Ranger saying.
No doubt, Pakistan is among those few countries which are rich in natural resources. But merely a plenty of natural resources does not assure the promised prosperity for a country. There is always something concealed behind the apparent opportunity, but what matters here is that we do not bother to unveil those glittering chances and opportunities that can be efficiently selected and chose for future prospects as well. Pakistan is one of the developing countries, blessed with a plenty of natural resources but sometimes blessings can also become a ‘curse’ not by the supreme power of Allah but by the human err and wrong decisions. Sometimes, natural resource becomes a curse for developing countries and can be termed as “paradox of plenty.” Such countries tend to have less economic growth and worse development outcomes because natural resource curse causes conflicts, bad governance and stagnant economic growth. Instead being a blessing, such natural resources have an adverse impact on an economy of a country.
Introduction
When we talk about natural resources, oil, gas, petroleum, coal, minerals
The resources curse is also known as the “paradox of plenty”. The countries with an abundant of natural resources tend to have less economic growth as compared to those having fewer or none natural resources. But
In Colinesia, the people depend on many natural resources that are taken out of the environment. These resources include coal and iron, which are mined out of the mountains to the west. Oil, lumber, are harvested all across the island. Most of the forests have been cut down in the more populated areas while in the less populated areas, the forests thrive. The mountains have also had roads put in to allow all the heavy mining machinery to get through. The Colinesian people have houses that are much like our own in the United States. They are built to withstand pretty much everything. But unlike the United States, the Colinesians have a built-in immunity for the fresh water. Without it, everybody who lives there would be sick.
Mouth: “Right is right, even if everyone is against it, and wrong is wrong, even if everyone is for it.”
that no one must do wrong. “…that to commit injustice is in every case bad and dishonorable for the person who does
This paper uses the terms natural resource(s), resource(s), and reserve(s) in many different contexts. Please use care when interpreting their usage and context.
Despite common opinion, having natural resources could not be always a bless for a country. With this paper we want to provide an overall idea of the influence of natural resources wealth on the economic growth. Starting from an initial explanation of
As an illustration, Brazil has had the chance to jump on the boat in comparison to China, and India as a result of development as mentioned by Collier . As for the notion of the resource curse, Brazil is not effected much by it now as compared to previous years before. For example, in the mid-17th century when Brazil was the leading distributor
While natural resources have played an important role in creating wealth and powering development, recent research shows an inverse correlation between the abundance of natural resources and growth and development. This has been true of many of the economies in Latin America, Africa and the Arab world, regions characterized by high levels of natural resources endowments, be they minerals, oil or timber. The inverse correlation between endowment and wealth creation—dubbed as the natural resource curse hypothesis—has been the subject of intense study and has yielded valuable insights into political economy issues.
In his first chapter he starts off about why growth even matters. Economic growth frees the poor from hunger and diseases. Economy wide growth in GDP per capita translates into rise in incomes for the poorest of the poor lifting them out of poverty. Taking the example of Pakistan, the author describes how 31% of the country lives in extreme poverty with
The author is a former senior Pakistani diplomat and former UN Assistant Secretary General and currently Chairperson of the Board of Governors of the Sustainable Development Policy Institute, Islamabad
Pakistan is categorized among the 43 countries who are most exposed to poverty. (S. Rana 2011)
Pakistan is an Islamic state located in South Asia that covers an area of 796,095 square kilometers. It shares border with India, Afghanistan, Iran and China and a marine border with Oman. It came into existence as an independent nation in 1947 and since then, it has been encompassed by incalculable issues including underdeveloped infrastructure, infertile and old production lines, international interference, instable government and corruption underscoring every deliberation towards progress (Africaw 2014). Moreover, regardless of being rich in natural resources, it struggles to be
Pakistan is a federal parliamentary republic consisting of four provinces and four federal territories. It has many ethnicities and many languages that people speak in this country. A regional and middle power, Pakistan has the seventh largest standing armed force in the world and is a nuclear power as well as a declared nuclear-weapons state. They are the only nation in the Muslim world and the second Country in South Asia to have that status. It has a semi-industrialized economy with a well-integrated agriculture sector; its economy is the 26th largest in the world in terms of purchasing power and is one of the largest growing economies in the world. The goal of this paper is to give a better understanding of Pakistan’s demographic
The modern economists are of the view that natural resources i...e forest minerals, climate, water power etc. play in important role in the economic development of an country. A country which has abundant natural resources is in position to development more rapidly than a country which is deficient in such resources. They here how ere emphasize that the presence of abundant resources is not a sufficient condition of economic growth. Physical factures they say are passive factors of economic growth. They are to be combined with human resources of a country who are active facture of economic development.
In addition to the capacities of setting up development plans, the successful development in resource-based economy depends on their ability to save all or part of the revenues from the extractive industries (Lewin, 2011). Since the non-renewable resources are destined to be depleted in the future, the mineral-wealth is limited, and it means the state should save the revenues as much as possible to prepare for the future depletion (Lange and Wright, 2002). Moreover, the natural resources tend to have volatile prices, so the countries need to stabilize the income, for
Togo’s environment consists of a fair amount of diversity with gently sloping savanna hills in the north, expansive lagoons and marshes stretching from the coastal plain in the south, and hills and plateaus in the central region of the country. The nation’s natural resources are made up predominately of phosphates, limestone, marble, and arable land. As of 2011 their total renewable water resources are 14.7 cu km, with total withdrawals in 2005 only at 0.17 cu km per year, suggesting they have enough water resources to meet the growing needs of their people for the time being. The percentage of endogenous freshwater supply withdrawn for use by Togo as listed by The World Resources Institute is about 1% annually. The more difficult issue for Togo will be protecting the water quality and finding the financing and resources to expand infrastructure to provide a much larger % of the population with access to improved water and sanitation. Natural hazards for Togo are hot temperatures, intermittent droughts, and dry Harmattan winds causing reductions in visibility. The country’s most troubling environmental issues include deforestation from slash-and-burn agriculture combined with the harvesting of wood for fuel. Water pollution causing health hazards with drinking water sources, and harming the fishing industry. Additionally, increasing urbanization and development is causing rises air pollution, which has become more threatening to their urban metropolitan areas. The