Question

is man made resources boon or bane? write an essay. its for an art integrated project.​

Answer 1

Answer:

More natural resources do not guarantee higher economic growth, shows a National Bureau of Economic Research (NBER) working paper by Achyuta Adhvaryu, assistant professor at the University of Michigan, and co-authors. Africa’s experience shows that resource-rich regions are susceptible to conflicts and hence often experience slower economic growth compared to those not endowed with much resources. The paper finds that conflict in a region is dependent on its own resources and the resources in the surrounding areas with chances of conflict rising with higher inequality. On the other hand, regions where resources are moderately high and conflict is avoided see maximum development.