Subject Government and Politics Government and Politics - Other

Question

Explain the relationship between management of natural resources and the foreign policy of a country.
Contribute your essay through an example of a country with it's natural resource.

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Natural resources play an important role in the foreign policy of a state. The export of a natural resource in demand can create immense opportunities for expansion of relations at the world level. Yet, at the same time, it can lead to competition between states exporting same natural resource, for instance, the competition for oil export as witnessed among the Middle Eastern countries. Natural resources constitute one fifth of the global trade, amongst these oil export is dominant. According to statistics, 21 countries have more than 80% of exports in...

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