APFIVE What long-term effect would you expect from governments worldwide adopting policies that prioritize technological innovation over resource extraction industries?
Improved efficiency gains could lead to sustained economic growth, whereas diminished reliance on extractive sectors decreases environmental degradation risks.
Stagnation in developing nations lacking the capacity to innovate and quickly adapt to new global economic paradigm shifts.
Shifts the balance of power in favor of countries better positioned to innovate versus those rich in natural resources, causing geopolitical tensions.
Increased unemployment in formerly dominant resource extraction sectors without adequate job retraining programs in place.
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