Example of Nigeria presents a vivid case how a country with a huge amount of natural endowments still lives in misery and necessitates basic nutrition, education and medical healthcare, while Lesotho does not have large natural resources and has the same problems. Why are such contradictions occurred? Answer for the question as follows a presence or exploitation (selling, producing) of natural resources does not guarantee economic growth and social welfare. Crucial factor to be wealthy is to gain political and economic power in the global order. Nevertheless, these powers are inaccessible for current poor countries, which mean that they cannot tackle poverty and become
Example of Nigeria presents a vivid case how a country with a huge amount of natural endowments still lives in misery and necessitates basic nutrition, education and medical healthcare, while Lesotho does not have large natural resources and has the same problems. Why are such contradictions occurred? Answer for the question as follows a presence or exploitation (selling, producing) of natural resources does not guarantee economic growth and social welfare. Crucial factor to be wealthy is to gain political and economic power in the global order. Nevertheless, these powers are inaccessible for current poor countries, which mean that they cannot tackle poverty and become