Does Having Natural Resources Necessarily Lead To Economic Growth and Essay

Does Having Natural Resources Necessarily Lead To Economic Growth and Development - Essay Example The paper tells that economic development is the sustainable increase in the people`s standard of living and measured using per capita income while economic growth is the increase in the capacity of a given country to produce goods and services over time and is reflected by the GDP. Past decades have proved that valuable natural resources such as natural gas, oil deposits and minerals do not necessarily lead to economic growth. This is evidenced by oil-rich African countries such as Angola, Nigeria, Congo, and Sudan. These countries earn several millions of dollars annually from oil exports yet the foreign exchange or the riches gained over the years has never been converted into a noticeable increase in GDP. In comparison, Asian countries such as Japan, South Korea, and Taiwan have experienced economic growth which can rival those of western countries. It is important to note that such countries do not have meaningful natural resources. The explosion of the car manufacturing industr y in the twentieth century led to an increase in the demand for natural resources such as rubber and copper. Minerals were abundantly extracted in several countries like the Netherlands and in time replaced manufacturing as the dominant sector of the economy. With time, the Dutch economy and other similar ones suffered due to the specialization of production and processing of the main resource extracted. The discovery of natural resources did have a positive impact on economic growth but over time, such economies as Netherland became stagnant. The common trend of availability of natural resources combined with slow or stagnant economic growth has been termed the Dutch Disease type of economy. Natural resources can also be a blessing to a country’s economy. A good example of this is Norway, which is the second largest oil exporter. Norway’s oil exports have surpassed other sectors and its foreign direct investment increased to 8% of GDP as of 1998. The manufacturing sec tor declined in relation to GDP since oil was discovered in the 1970s.

Creative and effective curriculum Essay Example | Topics and Well Written Essays - 5000 words

Creative and effective curriculum - Essay Example This brainstorm was done after guided reading. Children read in pairs about Viking shields and at the end they completed a brainstorm as a group and presented to the class. This brainstorm was done before designing the shield so that makes more sense and gives children ideas. Children benefit from this activity because they worked in pairs and groups (social skills), in the essay, this point can be extended Further, the teacher will provide a direction on the decoration by providing more information on the shapes, patterns, symmetry, tessellation and the use of a plan to remind the children of the designs. The students construct the longships on their own. In history, the approximate ratio of the longship’s length to the width was four to one almost the half the size of an egg carton. The construction should be carried out by at least two children. First, the children should cut the top half off the egg carton, as the bottom half will be the longships. The pieces left from the top portion will be glued over the leaks in the bottom portion of the carton. The item is then allowed to dry completely, and in the sink, water is allowed to flow and be filled close to a level of two inches. Demonstration of the longships during the Vikings age is carried out by floating the egg carton toy ship built by the students on top of the water in the sink. Further, items are placed on the egg carton to show weight. The weather conditions in Iceland and an explanation on the changes of the weather conditions in the country, particularly the fact that from early may to the end of July the weather conditions remain permanent daylight and that winters are have five hours of daylight from November to the end of January. (Feasey. 2007: 17)  Ã¢â‚¬Å"Teachers are expected to share lesson outcomes with the children†¦so that they may know the contents that they are going to receive†¦ and at the end of the lesson reflect on the success of the lesson†. Creative learning and