Discuss the potential of natural resources in the Arctic region as drivers of economic development, while also considering the environmental and social impacts of their exploitation. (Answer in 250 words)

Natural resource potential: (1) presence of fuel oil and gas reserves; (2) recent rare earth deposits found off the coast in Americas; (3) biomagent diamond => major boundaries to minerals pathy - Batagaev crater formation, potential natural gas hyperbole - 10% of reserves sufficient for India's 100 years energy demand.

Additional resources: (C) fossil fuel reserves under lyrum land's glaciers; (D) Fishing stocks for coastal economy. Drivers of economic development: (1) Increased economic activity - assessed via insurance/resources, asset development of north Asia, distance dependency on China for next century, energy security of the world for USA northern pole region; (2) Russia, Norway, Greenland involvement. Environmental impact: (1) Moral hazard - climate shape freeing up water; (2) Impact on flora & fauna - polar bear habitat loss; (B) Development melting - shelter icebreaker 'Rosya' commissioned by Russia, Guernsey, Finland, Sweden.

Environmental impact: (1) Moral hazard - climate shape freeing up water impacts flora & fauna especially polar bear habitat loss; (2) Development melting - icebreaker 'Rosya' commissioned by Russia, Guernsey, Finland, Sweden. Social impact: (1) Eskimo and other tribes will be affected; (2) Competition for Arctic => social tissue - China's polar silk road policy Vs India's arctic policy; (3) Better economic opportunities => immigration => social opportunity.