Wednesday, April 25, 2012

Some times it is a curse..................

Some times natural resources are a curse for us, that means abundance of natural resources, specially non-renewable resources like minerals and fuels. The whole world is depend on natural resources especially fuel, it powers transport, construction, manufacturing, food production - our entire economy. Though we thought natural resources are a blessing , yes it was a blessing but, now it's becoming a curse also. Because of over exploitation of these resources.So if these resources runs out the entire economy of the whole world will go down.

"Ten years from now, twenty years from now, you will see: oil will bring us ruin … Oil is the Devil’s excrement."
    —Venezuelan politician Juan Pablo Pérez Alfonzo, one of the founders of OPEC


Effects:

Oil production in the world 1935 - 2025
War between people and government - The ambitions of the people and the government conflict, due to the large amount of resources and money a country's government amass for their own luxuries rather than for the people. Thus natural resources serve as a curse for the people, who then have a lower standard of living.

Conflict - Different groups and factions fight for their share. Sometimes these emerge openly as separatist conflicts in regions where the resources are produced (such as in Angola's oil-rich Cabinda province)

Taxation - Countries whose economies are dominated by resource extraction industries tend to be more repressive, corrupt and badly-managed.

Dutch disease - The Dutch disease is a concept that explains the apparent relationship between the increase in exploitation of natural resources and a decline in the manufacturing sector.

So we have to face such effects in the near future......................

references - http://en.wikipedia.org/wiki/Resource_curse





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