Respuesta :

The paradox of plenty is a phenomenon known as the resource curse. It can affect those countries that have an abundance of natural resources.

  • As these nations have a large number of resources they tend to have a slow economic development and have a poor government. They even may face wars and corruption. As these nations don't depend on the exports of the same commodities.
  • Hence the phase of the paradox of the planet is for resource-rich developing countries that suffer low growth and stability.

Learn more about the paradox of plenty relates to the oil-producing nations in South America.

brainly.com/question/2134823.

Parrain

The Paradox of Plenty means that a country with a lot of natural resources can sometimes fare worse than a country with a few natural resources.

South America suffers from the Paradox of Plenty in that:

  • Several countries have access to oil
  • These oil resources have not translated to development for these nations

South American countries with a lot of oil like Venezuela have been plagued with bad governance, corruption and a weak economy and yet they have the means to ensure that the citizens benefit.

In conclusion, these countries are suffering from the Paradox of Plenty because they have resources but they fare worse than other nations such as Japan that have few resources.

Find out more at https://brainly.com/question/2134823.

Otras preguntas