"more availability of resources will not bring economic development"justify the statement
Answers
Answer:
Explanation:
Mere availability of resources does not necessarily guarantee economic development, this is because of the following:
a. There are certain regions which are rich in resources but aren't economically developed. Along with resources, it is imperative to have appropriate technology to ensure optimum utilisation of resources.
b. Regions along with resources require proper institutional set up to make sure that resources are put to use for the development progarmmes.
c. One requires quality human resource as well to ensure proper utilisation of resources.
d. Most importantly, political will, effective implementation mechanism is also required to ensure economic development.
e. We may give example of North east sates which are fairly rich in mineral resources but are considered to be underdeveloped because of lack of appropriate technology, instability in the region etc.
f. On the other hand there are regions which do not have adequate resources but are developed because of the initiative on part of the state governments to import technology .
For example Bangalore, which does not have abundant resources but is an IT hub. We may also give example of Delhi, one of the developed regions of India, lacks natural mineral resources but has one of the best infrastructure. Also being the political capital of the country.
Answer:
Explanation:More availability of resources will not bring economic development because resources can contribute to development only when they are accompanied by appropriate technological development and institutional changes.