Economic growth rates

Nations with few natural resources demonstrate greater economic growth rates than OPEC countries”. At the same time nations with many natural resources do not show such economic growth. Discuss this in terms of Japan, South Korea, Taiwan, Nigeria, Saudi Arabia and Venezuela. Provide data related to these countries natural resources and economic growth rates and also provide reasons behind their greater/lower rate of economic growth. You may utilize the attached spreadsheet in the analysis.

Sample Solution

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