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Our lack of resources is hindering our opportunities for economic growth
Does the lack of resources hinder our opportunities for economic growth, or is it just an excuse. Do we really need a vast number of resources and diverse products to improve our economy. Consider Maldives, a small island archipelago in the Indian ocean. When taken into account the population of Maldives ( 350,000 in the last census in 2005 ) the GDP per capita is very high. In reality almost all the money goes to the hands of the same people of the tourism industry. The only resources abundant in Maldives is fish. Maldives was a fishing community when tourism was introduced in 1960's and now tourism dominates the economy. But still the resources are not diverse nor abundant. Maldives relies on neighboring countries for food and other things.
the point i am making with Maldives is that Maldives is not country with many resources but its economy is growing steadily.
So does our lack of resources hinder our opportunities for economic growth?