Howresource production and trade in Statecraft illustrate the doctrineof comparative advantage
Statecraftillustrates key concepts in the political economy internationally.For Nubia, economic riches as the foundation of military control willbe the statecraft under focus. The available natural resources inNubia have helped strengthen its military power thus protecting thecountry from external provocation. This has helped curtail increasedpirates attacks in Nubia. Riots and strikes from capitalists haveslowed economic growth in the country. These political factors have,therefore, shaped the country’s economic results.
Oiland food are the main natural resources in this nation. Huge revenuesare drawn from the country’s oil reserves. The marketsof Israel and other Asian nations are the country’s main target.Other natural resources found in this region include limestone,asbestos, phosphate, zinc, iron ore and talc. Deposits of gypsum andmanganese are also evident. Others resources known to have broughtprosperity in the region since primeval times include riverNile, papyris plant and honey. Among the preeminentresource is the Nile water. The water from river Nile hascontinuously been used in irrigation activities thus, assuringcontinuous supply of food to the country’s populace. Being a semiarid region, the presence of river Nile has played a veryinstrumental part in the economic growth of the land. Fishingactivity has as well thrived over the years with the surplus exportedabroad for the country’s foreign exchange earning.
Aprofusion of natural resources in Nubia can result in weakenedautonomous institutions. This is because stronger democraticestablishments compel check and balances to the leaders making ithard for natural resource appropriation. Therefore, the elites willbe against political restructuring and democratisation. For similarreasons, natural resources abundance would thwart efforts gearedtowards institutional economic enhancement.
Asseen above, plenty of resources impacts economic institutionsnegatively. This hinders economic transformation.
Statecraftcomprises of five resources: steel, oil, scientific knowledge, goldand food. Nubia is rich in Oil and food. The country has got huge oildeposits and it is also food secure following the irrigationactivities that are carried out along river Nile. Although thecountry has got diverse resource-enhancement structures such asmanufacturing factories, research labs, steel mills, gold mines andoil refineries. The structures have continued to inflate productioncosts of items such as gold and steel. Deep wells are some of thecountry’s resource endowments. The Nubian Aquifer stretches athwartEgypt, Libya, Chad and Sudan reaching Israel and Sinai. The aquiferforms the supply of fossil water, which amassed thousands years ago.
BecauseNubia cannot be self sufficient, it becomes important for the countryto embrace the doctrine of comparative advantage. Scientificknowledge is still underdeveloped in Nubia and the country has torely on the developed nations for the contemporary military gears.This has seen the country develop its military power. Nubia is,therefore, focusing on their comparative advantage throughcapitalizing on gas and oil exploitation and related structures andselling their surplus oil to nations that are naturally rich inscientific knowledge, gold and steel. Relying heavily on the riverNile resource, Nubia is also exploiting agricultural activities alongwith the associated structures to produce plenty of food. Afterfeeding the populace, the surplus amount is exported to othercountries in exchange of what Nubia is lacking. For example, modernfarm machineries are imported after the export of surplus agricultureproducts.