This paper discusses the net eﬀect of these two economic forces on developing countries: Is the drag to economic advance from dwindling resources outweighed by the accompanying technological advances? Or will the potential scarcity of resources during the next century on balance weigh down the pace of economic progress?
Nordhaus, William D., "Resources, Technology, and Development: Will the Table Be Bare When Poor Countries Get There?" (1986). Cowles Foundation Discussion Papers. 1036.