Resource Wealth & Global Economy
Nations rich in natural resources often see significant economic activity, driving exports and national income through strategic management and global demand.
This paradox describes how countries with abundant natural resources can paradoxically suffer from poor economic development and corruption.
Resource distribution shapes international trade, creating dependencies and influencing geopolitical relationships between nations.
The shift to renewable energy sources is creating new economic opportunities and altering traditional resource-based economies.
Effective governance, diversification, and investment in human capital are key to sustainably managing resource wealth for long-term prosperity.
