Countries like Japan do not have much natural resources but are still developed as they have invested in ____

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Detailed Solution

Countries like Japan do not have much natural resources but are still developed as they have invested in Human Resources.
Japan is one of the most developed nations in the world, even though it lacks natural resources. The country has an educated and industrious workforce, and its affluent population makes this country the world’s biggest consumer market. The government of this country has invested a significant amount in the development of human resources, due to which the efficiency of people has increased. Thus, the two major reasons for development in Japan are good technological development and a good investment in health and education.

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