Do you think that countries that have a plentiful natural capital are fortunate ?
natural capital are not fortunate always , For Example Iraq. Most of Iraqis Lives Under Poor Line , Most of Iraqi Fortune gone in Wars of Middle east .
Hello there. Interesting question!!!!
I think Human capital is the variable that makes countries that have a plentiful natural capital are fortunate.
i think the resources which is given from GOD can be described as Natural Capital. according to this opinion Natural capital must be universal not national.
Hi Jules,
You have probably heard about the so-called "resource curse". Many empirical analyzes show that countries that benefit from a larger stock of natural resources (one of the main components of "natural capital") have some good economic performance. If you study this literature, you will see that the interpretations diverge, in particular by contrasting strictly economic explanations which consider that the resource-related rent leads to an inefficient allocation of the investment (I am not really convinced, but it is clear that this rent can divert investment from socially relevant but financially unprofitable objects) to more political interpretations that show resource-rich countries are also the least democratic, the most corrupt, and so on.
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