Orthodox neoclassical theory considers natural resources as a potential source of income and accentuates the positive role of natural resources in economic development. Despite the potentially beneficial impact of natural resource wealth on economic prosperity, empirical research has shown that economies rich in natural resources tend to grow at a slower pace than those with poor natural resources. This paradox of abundance has been a conceptual puzzle for many, but empirical evidence has given rise to the natural resource curse hypothesis. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay Standard trade theory suggests that moving resources from regions of relative abundance to regions of relative scarcity has the potential to improve efficiency and increase welfare. However, welfare comparisons are complicated by dynamic factors, the exhaustibility of natural resources, and pervasive market failures, such as imperfectly competitive markets. For example, faster depletion may result from free trade in fish, which suffers from an open access problem and poorly defined property rights. In this case, the standard result of welfare gains from open trade may not hold, at least for one country. The theory emphasizes that policy interventions in natural resource sectors can be justified on welfare grounds by the specific characteristics of natural resources. Several studies have established a negative impact of natural resource endowment on economic growth. Others have gone a step further by investigating the reasons for this paradox. Few, however, have addressed the resource curse in the context of trade. In this study I will try to analyze the relationship between abundance of natural resources and openness to trade. Natural resource trade represents a growing share of world trade and a growing share of policymakers' attention. Given the economic, environmental, and political implications of natural resources, this article asks how to design rules that can promote mutual benefits from resource trade. Provides recommendations for export policy and domestic policy. The aim is to investigate the relationship between the endowment of natural resources and openness to trade. With the help of regression analysis, study tests for the impact of natural resource endowments can have on the likelihood of countries being members of the World Trade Organization (WTO), as well as taking into account the impact on a country's most general trading regime. Starting from the empirical evidence of the resource curse and the assumption that open trade has a positive effect on economic growth, this study hypothesizes that countries rich in fuels and minerals pursue a less liberal trade policy and that this may be an important channel for the resource curse. .Natural resources are naturally occurring substances that are considered valuable in their relatively unmodified form. The value of a natural resource lies in the quantity of material available and the demand for a particular material. Demand is determined by its usefulness for production. A commodity is generally considered a natural resource when the primary activities associated with it are extraction and purification, as opposed to creation. Therefore, oil extraction, mining, forestry, hunting and fishing are generally considered natural resource industries, whileagriculture is not. The total value of global trade in natural resources was $3.7 trillion in 2008, or nearly 24% of global trade in goods. This value increased more than six times between 1998 and 2008, mainly due to the constant increase in fuel and mineral prices, while the volume of trade in natural resources has remained rather stable over the past decade. However, this report incorporates agriculture into the concept of natural resource endowment by providing samples of agriculture, forestry and fisheries with primary agricultural products as specified by the World Bank's World Development Indicators. As we will see, adding reverse farming will add benefits. Natural resource trade represents a growing share of global trade and a growing portion of policymakers' attention. Growing global population and economic conditions generate stresses that increase consumer demand for seafood, forestry, fuels and mining, generating associated environmental policy debates and growth impacts. One of the problems facing most industrial economies is the conflict between the growing demand for natural resources and their scarcity. In fact, it seems that there is an increase in tension, especially with the recovery of the recession in the world economy. Fears that resource-poor countries have limited access to supplies and that resource-rich areas are underexploited could lead to trade disputes or worse. All of this raises a significant question: How can laws that promote shared benefits from resource exchange be appropriately developed? Over the past two decades, the natural resource curse, that is, the finding that economic development in countries with a surplus of natural resources has continued to be implemented inadequately. In the interwar period, Latin America first attracted attention on an academic basis following the collapse of the global commodity markets of many Latin American economies. During the postwar period, resource-driven skepticism persisted and was eventually formulated in the Presbisch-Singer study, which argued that the terms and conditions of trade between primary and imported goods appear to be deteriorating over time. Exporters of primary products, typically developed countries, are now increasingly able to import for a given export value. Resource narratives, particularly those of Sachs, Warner, and Gylfasón et al., were established in the late 20th century and went beyond the projections of structuralism, which revealed a scientific reality that natural resources had been cursed by the trend of raw material prices. Support for the resource curse is "not bulletproof, but quite strong" according to Sachs and Warner. The author states from a casual perspective that: There is almost no overlap between a number and several countries with large amounts of GDP per capita, with a significant endowment of natural resources. Highly resource-rich countries such as Nigeria, Mexico and Venezuela, or the oil-rich Persian Gulf states do not witness continued rapid economic growth. Previous experiments support this informal finding. For example, Gleason et al.; Sachs and Warner found that high resource intensity appears to correspond to slow growth, with a long list of further regressions using post-war growth evidence. Concluding Remarks The environmental resource curse can have political and structural vulnerabilities as can the crowded approach of economists. However, the result has been developed empirically that i, 45(4-6), 827-838.