103,954 views
1 vote
1 vote
. what factors might prevent a country rich in natural resources from using them effectively

User KeyNone
by
2.7k points

1 Answer

5 votes
5 votes

Answer:

As argued above the higher wages of the oil rich nations discourage the development of low level industries, for example, clothing, and toys. Another problem facing natural resource rich countries is the uncertainty of wages. If the prices of their natural resource exports are high for a few years this could force wages up.

Step-by-step explanation:

User Aaron Schumacher
by
3.6k points