Question

Importance of resources

Answer 1

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                                               Importance of resources

1.Resources were historically an important condition of the successful development of countries. 

2.The disparity in the access to resources predetermined, to a significant extent, the socioeconomic disparity in the development of Northern countries and Southern ones.

 3.In fact, the economic and technological development of countries and the difference in their development was driven by the availability of resources, which stimulated the development of technology and, therefore, economic progress of those communities and countries, which benefited from the available natural resources and the backwardness of those countries and communities, which lacked resources. 

4.Even though today the process of globalization makes resources available worldwide, but the world economy still depends on resources and those countries, which have access to resources, especially fossil fuels, such as oil and gas, can keep progressing fast, while those, which have limited opportunities to use natural resources are doomed to backwardness.
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