a.. Think of an original example of a real-world nation (other than Japan) with

Question

a.. Think of an original example of a real-world nation (other than Japan) with a relatively small amount of natural resources that either

is an IAC, or

has experienced rapid growth

Explain how your example nation underwent its growth, citing any outside sources you refer to.

b. Think of an original example of a real-world nation with a relatively large amount of natural resources that is a DVC. Explain why you think this nation has not experienced sustained growth, citing outside sources.

c. Which of your chosen nations do you find more impressive/shocking and why?

Explanation / Answer

There are two factors Economic and non-economic factors determine the economic growth of the country.

In the case of Japan, it is non-economic factors attitude towards the country economic growth lead the rapid growth of the country eg in the case of Japan natural resources are very scarce in nature but people attitude commitment to the country made the rapid growth of the country.

Similarly, African countries have large natural resource but still, thse countries are underdeveloped due non-economic factor people attitude, customs religious practice etc hinders the economic growth to utilising natural resources

Thus it is clear from above fact that not only economic resource of a country but also non-economic factors equally contributed economic growth of the country

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