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Why arent countries where gold mines located richest

Sagot :

Answer:

Corruption

Explanation:

An abundance of natural resources don't always equate to wealth. Japan for example has few natural resources but is high in human capital.

Countries with gold mines might not be the richest possibly because of corruption, exploitation, and conflict.

This video might be of some help to you: "Why Some Countries Are Poor and Others Rich"

Corruption, exploitation, and conflict, are the reason of countries with gold mining may not be the richest. Natural resources in abundance may not automatically imply affluence.

What is gold mining?

The extraction of gold resources via mining is known as gold mining. Historically, manual separation procedures such as gold panning were employed to extract gold from deposits.

complex extraction procedures such as pit mining and gold cyanidation  have emerged. Large firms carried out the majority of mining in the twentieth and twenty-first centuries.

Thus, Corruption, exploitation, and conflict are the reasons.

For further details about the Gold mining, click here:

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