Provide specific examples that describe the key role energy (oils and natural gas) producing countries, such...
Provide specific examples that describe the key role energy (oils and natural gas) producing countries, such as Nigeria, Angola, and Equatorial Guinea, can play in their domestic economic growth.
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Homework Answers
When it comes to energy producing countries, their domestic economic growth is mainly fostered by these industries. The impact can be as follows:
1. Employment- It fosters employment to a great extent as plentiful resources would mean adequate number of industries to harness the resources and thus employment get a boost.
2. Backward and Forward Linkages- The industries that require the power generated from these industries would be able to exploit the oil and natural gas generated and thus boom with adequate and efficient amount of energy required.
3. Influence of trade- The foreign trade will also flourish and thus the economy will be stabilised with profits increasing in every sector.
4. Healthcare and education- The profits from the industries can be used to make healthcare and education improve.
5. Infrastructure development- A country's infrastructural development can be improved by these industries as townships and other projects taken up can improve a country's lookout in terms of infrastructure.
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some conclusions and contributes of this paper. I need this for my
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PLEASE !!!)
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