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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,
Research the 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.