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Paradox of Plenty

14 pointsby nimzoLarsenabout 1 year ago

4 comments

nimzoLarsenabout 1 year ago
Paradox of plenty: Countries with an abundance of natural resources tend to have less economic growth and worse development outcomes than countries with fewer natural resources.
YugyDuganabout 1 year ago
Is it not obvious that scarcity provides the harsh and unforgiving conditions for the natural selection of positive traits?<p>Taking Europe, for example, our ancestors would not have survived without their adaptation to the climate and its consequences, breeding cooperation, empathy, industry, invention, efficiency, etc. A frivolous, impulsive, unintelligent people seeking immediate gratification would not have survived the winter.
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southernplaces7about 1 year ago
Contrary examples: The United States and Canada are both countries with an insane abundance of many natural resources, yet developed quite robustly. Several European states had a similar experience though to a slightly lesser degree of natural resource diversity. Germany, Finland and the UK come to mind at least for specific resources like coal, and oil in the case of Finland.<p>The Arab petro states are also economically well off despite their financial dependence on revenues from the world&#x27;s most globally vital natural resource. (we can forego mentioning their state of political development though). One the other end, there are many countries with few natural resources worth a damn that also happen to be severely underdeveloped, and political basket cases.
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from-niblyabout 1 year ago
I mean is that not because they get exploited by other countries?