determining a country's future? I abbreviated natural because the question was too long
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determining a country's future? I abbreviated natural because the question was too long
Natural resources benefit only the few people who extract and export them.
Human capital means you have many skilled workers, who earn a lot of money for themselves, as well as provide more & better goods for the rest of consumers and higher income for investors.
If you want an example, Japan has lots of human capital but no natural resources. Middle eastern states have lots of natural resources. Which one is doing better?
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