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The exploitation of natural resources describes using natural resources, often non-renewable or limited, for economic growth [1] or development. [2] Environmental degradation, human insecurity, and social conflict frequently accompany natural resource exploitation. The impacts of the depletion of natural resources include the decline of ...
Natural-resource meaning [:] An actual or potential form of wealth supplied by nature, as coal, oil, water power, timber, arable land, etc. A material source of wealth, such as timber, fresh water, or a mineral deposit, that occurs in a natural state and has economic value. Something, such as a forest, a mineral deposit, or fresh water, that is ...
Natural resources of Africa. Africa has a large quantity of natural resources, including diamonds, sugar, salt, gold, iron, cobalt, uranium, copper, bauxite, silver, petroleum, natural gas and cocoa beans, but also tropical timber and tropical fruit . Recently discovered oil reserves have increased the importance of the commodity in African ...
Resource curse. The resource curse, also known as the paradox of plenty or the poverty paradox, is the phenomenon of countries with an abundance of natural resources (such as fossil fuels and certain minerals) having less economic growth, less democracy, or worse development outcomes than countries with fewer natural resources. [1]
The Arctic resources race is the competition between global entities for newly available natural resources of the Arctic.Under the United Nations Convention of the Law of the Sea, five nations have the legal right to exploit the Arctic's natural resources within their exclusive economic zones: Canada, Russia, Denmark, Norway, and the United States (though the U.S. has yet to ratify the treaty ...
The Arctic holds large quantities of minerals, including phosphate, bauxite, iron ore, copper, nickel, and diamond. These are of pervasive use in industrialized economies. Russia produces an average of 11 M tons of phosphates, 8% of the global output. Phosphates are used as fertilizers in agriculture, with other uses including water treatment ...
Renewable energy can be particularly suitable for developing countries. In rural and remote areas, transmission and distribution of energy generated from fossil fuels can be difficult and expensive. Producing renewable energy locally can offer a viable alternative. [9] Renewable energy doesn't always have to come from a developing country.
Countries by natural gas proven reserves (2014), based on data from The World Factbook. Natural gas is a widely available fossil fuel with estimated 850 000 km 3 in recoverable reserves and at least that much more using enhanced methods to release shale gas. Improvements in technology and wide exploration led to a major increase in recoverable ...