The more Natural Resources a country has, the faster it will grow, all other things held equal (that is, assuming that the country does not have an abnormal situation with morale or labor or transportation that would interfere with the country's growth).
This is due to two big reasons, and several small ones I won't go into. I'll start with the most practical: The country in question can consume the resources as it works toward its own advancement, especially if the technology they are using is already known or freely shared from another source.
there is not necessarily any real correlation some of the country's of the world where a great deal of wealth is extracted from the earth the people live in abject poverty. South Africa is a good example. In many other places that produce various minerals and oil the country and its people are the beneficiary's of the pollution and the leaders usually propped up by wealthy Western country's reap the wealth.
An over dependence can cause slower economic development
Its Natural Resources.
China
factors of productions
capital resources, human resources, & natural resources
Josef Falkinger has written: 'A Theory of Employment in Firms' 'Distribution of natural resources, entrepreneurship, and economic development' -- subject(s): Economic development, Entrepreneurship, Natural resources
warm
An over dependence can cause slower economic development
Its Natural Resources.
China
John Vereker has written: 'Managing resources for development' -- subject(s): Conservation of natural resources, Developing countries, Economic conditions, Economic development projects, Economic policy, Management, Resource allocation
development in Natural Resources
infrastructure development,positive externalities and non-exhaustion of natural resources
Its Natural Resources.
Some of the natural resources that have been important to the economic success of the US include oil, coal, natural gas, timber, and minerals. The abundance and accessibility of these resources have played a significant role in powering industries, fueling transportation, and supporting construction and manufacturing activities throughout the country. Additionally, fertile agricultural land and water resources have also contributed to the nation's economic growth and development.
Its Natural Resources.
Sometimes it is referred to as the "Nigeria Effect". It happens when Natural Resources become a source for gross government corruption in the country. This results in a high concentration of wealth in the hands of a few politically connected families. It has been shown that government corruption tracks inversely with a nation's economic growth. It is one of the most effective ways to stop a country's development.