Q. 155.0( 3 Votes )
How have countries like Japan become rich and developed? Give reasons.
Japan is a country where there are almost no natural resources, yet it is a developed country. They have to import all the natural resources from other countries. The main idea of its development is it invested in human resource of the country. They invested in people’s education and health mainly. Human resource acquired skills and knowledge and made efficient use of other resources like land and physical capital. Increased efficiency of educated and healthy people made Japan developed.
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