Economic diversification is less challenging or not a challenge at all in countries that use their abundant fossil fuel reserves primarily for domestic consumption, such as the United States and China, because the fossil energy wealth directly spurred industrialization and the creation of non-extraction sectors.

Authors

• Person: Not available Organization: Frontiers
  Energy asset stranding in resource-rich developing countries and ...

Sources

• Energy asset stranding in resource-rich developing countries and ... www.frontiersin.org Frontiers via serper

Referenced by nodes (4)

• China location
• U.S. location
• economic diversification concept
• fossil fuel resources concept