It is impossible to have sustained economic growth unless a country or a region has abundant natural resources to sustain the growth

Question

Quizplus · Accepted Answer

While natural resources can certainly play a role in economic growth, sustained growth is not solely dependent on their abundance. Other factors such as investments in education, infrastructure, technology, and innovation can also drive sustainable economic growth. Furthermore, a country or region may have abundant natural resources but still struggle with economic growth due to issues such as corruption, political instability, or an unhealthy business environment. Therefore, it cannot be said that abundance of natural resources is necessary for sustained economic growth.

It Is Impossible to Have Sustained Economic Growth Unless a Country