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Unlocking natural resource potential: A balanced strategies for a fair and sustainable economic recovery

Author

Listed:
  • Zuo, Zhenting
  • Cao, Rui
  • Teymurova, Vusala

Abstract

Over the last thirty years, China, currently holding the position of the second-largest global economy, has had a tremendous period of expansion. This study examines China's economic trajectory from 1990 to 2021, explicitly emphasizing the sustainable use of resources and the promotion of equity. Using the STIRPAT model, we investigate the interrelationship of natural resource exploitation, economic progress, ecological durability, and societal equity. The findings emphasize China's transition from resource exploitation to a fairer strategy to achieve long-term economic sustainability. The implementation of new policies, developments in technology, and increased financial accessibility have effectively reduced the negative effects on the environment while facilitating the fair distribution of wealth and enhancing economic resilience. This research highlights the importance of ongoing innovation and policy adjustment to effectively utilize natural resources for China's equitable and environmentally sustainable economic recovery.

Suggested Citation

  • Zuo, Zhenting & Cao, Rui & Teymurova, Vusala, 2024. "Unlocking natural resource potential: A balanced strategies for a fair and sustainable economic recovery," Resources Policy, Elsevier, vol. 89(C).
    • Handle: RePEc:eee:jrpoli:v:89:y:2024:i:c:s0301420723012291
    DOI: 10.1016/j.resourpol.2023.104518
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