What may happen to a country that has few natureal resources?

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2026-07-08 19:11

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A country with few Natural Resources may face economic challenges, as it could struggle to generate revenue from exports and may rely heavily on imports for essential goods. This can lead to trade deficits and increased vulnerability to global market fluctuations. Additionally, such a country may need to focus on developing human capital, fostering innovation, and investing in technology to drive economic growth. Ultimately, it might also seek to diversify its economy to reduce reliance on resource-based industries.

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