Natural resources play a crucial role in the development of a country for several reasons. First, they serve as raw materials for industries and manufacturing, which are essential for economic growth. For instance, minerals, oil, and timber are key inputs for production, helping to create jobs, stimulate trade, and build infrastructure.
Second, natural resources can generate significant revenue through exports, which contributes to a country's GDP. For example, countries rich in resources like oil, gas, or precious metals can earn substantial income, which can be reinvested into education, healthcare, and other development sectors.
Additionally, access to natural resources can enhance energy security, supporting industrialization and technological advancement. Properly managed resources also attract foreign investment, boosting economic growth. However, it’s important for countries to use their resources sustainably to avoid depletion and environmental damage, ensuring long-term development and stability.
to know more visit Natural Resources of Nepal: Key to Development
