Consequently, natural resources are at the core of all our development needs. Three recent debates have emerged over the role of natural capital in economic development. The Role of Natural Resources in Economic Development The question as to whether natural resources are a curse on economic growth and development is subject to considerable debates and remains controversial. Natural Resources and Sustainable Development from investors, lenders and the public. Therefore when natural resources are abundant, The role of political institutions is central to all rent-seeking tradable production is concentrated in natural resources rather models of the resource curse. PDF Managing Natural Resources for Development in East Africa ADVERTISEMENTS: The principal factor affecting the development of an economy is the natural resources. Gylfason and Zoega (2001) who studied Natural Resources and Economic Growth: The role of investment: Empirical evidence from 85 countries from 1965 to 1988 suggests that natural Role of Natural Resources in Economic Development! An attempt is also made to establish the extent of the role played by the natural resources sector (oil and gas) in the decline of the agricultural sector in Kurdistan Region, despite its short period of extraction The natural resources and environment gives the essential and elements for economic activities and livelihood options of the population of a society, who are often stratified in different social and wealth categories and compete for resources, . The doctrine of laissez-faire in dead. relationship between economic growth and a high ratio of natural resource exports. difficult economic, political, and social hurdles that prevent so-ciety from getting to sustainable outcomes (55). Science and Education Development Institute . Natural resources are those material and substances, which occur naturally in the environment. Downloadable! Abstract and Figures The paper analyses the different roles of NR in the development process, with particular focus on their connection with manufacturing, which is often seen as a preferred. 10. Role of natural resources and technology.pdf - ISSUES... 1. The Role of Natural Resources in Economic Development