CONSIDERATIONS ON THE INFLUENCE OF THE OVERELIANCE ON NATURAL RESOURCES EXPLOITATION ON ECONOMIC DEVELOPMENT
CONSIDERATIONS ON THE INFLUENCE OF THE OVERELIANCE ON NATURAL RESOURCES EXPLOITATION ON ECONOMIC DEVELOPMENT

Summary/Abstract: The reliance of a country’s economic development on the exploitation and export of natural resources does not automatically generate problems, but a resource based development model does not promote sustainable development, as it generates a higher dependence of the economy on the exploitation of raw materials, with lower export values than manufactured and processed goods and higher price volatility. Although the exploitation of resources may support economic growth for a number of years, they may eventually be exhausted, or their exploitation may become financially unsustainable, with negative effects on a country’s economic development.

• Details
• Contents