A Dynamic Model for Analyzing the Impact of Natural Resource Changes on the Global Economy

Abstract

Changes in natural resources, such as declining energy quality, water crises, and deforestation, have a significant impact on the global economy. This research aims to develop a dynamic model that analyzes the impact of natural resource changes on key sectors of the world economy, as well as to identify effective mitigation policies. A qualitative approach is used with in-depth interviews and focus group discussions (FGDs) involving stakeholders from the economic, public policy, and environmental sectors. The results show that the energy and agriculture sectors are most affected by changes in natural resources, with developing countries tending to be more vulnerable to economic instability caused by fluctuations in natural resources. Mitigation policies, such as the use of green technologies, energy efficiency, and forest protection, have proven effective in reducing negative impacts on the global economy. The dynamic model developed provides better insight into the relationship between changes in natural resources and the world economy, and shows that integrated mitigation policies can reduce economic inequality between countries and strengthen global economic resilience