Future Innovations
Engineering and ICT
Natural Sciences

Natural resources of Asia and Policy of Asia about IT

Natural resources are those which we get from nature. Minerals and Power resources are exceptional for the development of economic of any country and Asia is very rich country in the field of minerals and power resources. There have been found salt coal iron copper gold magnetic antimony ore fire clay phosphate silica stone marble gemstone oil titanium and aluminum which are necessary for growing economy. we are blessed with natural resources. Coal is one of the most important natural resource. Coal is combustible rock composed mostly of carbon and hydrocarbons. It is most abundant of fossil fuel. It is used primarily for energy source. Either for heat and electricity. Coal gasification and liquefaction are also possible uses of coal for producing synthetic fuel. Natural gas is also a gift of nature. its demand is very high in Asia. But shortfall of CNG has bad impact on social lives, their business and on overall economy of the country. All this has happened mainly due to poor planning and inability Government. Copper and gold are some precious metals. They are use for ornaments, utensils and decorative articles. Copper is also used in electrical equipment, power and communication transmission line. Natural resources often determine its wealth and status in the world economic system by determining its political influence in Developed nations are those which are less dependent on natural resources for wealth due to their greater reliance on infrastructural capital for production. However some see a resource curse whereby easily obtainable natural resources could actually hurt the prospects of national economy by fostering political corruption. Political corruption can negatively impact the national economy because time is spent giving bribes or other economically unproductive acts instead of the generation of generative economic activity. Nature possesses more in its bosom which is still undiscovered. For example the vast resources of solar wind tidal and geothermal energy are yet to be fully discovered and utilized. Nature has provided bountiful resources surrounding us for sustenance of a better life. Thus any part of our natural environment such as land water, air minerals forest, grassland wildlife, fish or even human population that man can utilize Resources. To promote his welfare may be considered as natural. These resources along with human resources and capital play a crucial role for expansion to national output which ultimately drives towards economic development. Hence the existence or the absence of favorable natural resources can facilitate or retard the process of economic development. Natural resources include land forests wildlife resources fisheries water resources energy resources marine resources and mineral resources. The natural resources of Asia are no doubt very important for its economic up lift. Using it properly and economically and together we stand can up lift our country to the best nations of world. Policy of Asia about natural resources is zero factors which have caused the poor management of natural resources included political instability political decision making divergence lack of vision and planning, bad policies, corruption, lack of human resources development, worsened law and order situation. These factors have led not only to poor management of natural resources but also to poor government of country. For the betterment of economy first we should solve these problems and struggle for betterment of Asia.

Author :Center for Recent Innovations - European Union
Pulished date: 05-29-16
Springer with the Collaboration of LearnRnd
Source URL:http://www.learnrnd.com/detail.php?id=Natural_resources_of_Asia_and_Policy_of_Asia_about_IT

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