Which country is considered wealthy despite lacking natural resources?

Prepare for the DSST Human Cultural Geography Exam. Engage with multiple choice questions and flashcards, each enriched with hints and explanations. Set yourself up for success!

Japan is considered wealthy despite lacking significant natural resources because of its highly developed economy that is driven primarily by manufacturing, technology, and innovation. The country has harnessed its human capital, investing heavily in education and technology, which has allowed it to excel in sectors such as automobiles, electronics, and machinery. Japan's ability to effectively import raw materials and then produce high-value goods has created a prosperous economy.

Additionally, Japan's strategic focus on research and development has fostered a culture of innovation, resulting in a strong export market and significant global economic influence. Unlike other nations with vast natural resources, Japan has shown that with the right infrastructure, skills, and investment, it is possible to achieve economic success even in the absence of such resources.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy