Problem
Oil is an obvious example of a nonrenewable resource that is characterized by boom and bust cycles in domestic and global energy markets. Nevertheless, there are multiple examples of successful countries that lack raw, nonrenewable resources; these countries, such as Germany, India, and Japan, have leveraged their technology and production efficiency to overcome this resource imbalance,
Researchthe degree of competition and resulting resource imbalances of one of the countries: Germany, India, or Japan. Analyze some of the barriers to economic growth of this country because of lacking nonrenewable resources and how the country may have overcome this limitation.
Write a paper of no more than 1,700 words that explains how technology has affected your chosen countries nonrenewable resource balance from a global energy perspective.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.