Natural Resources throughout the World

459 WordsFeb 19, 20182 Pages
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
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