If an economy's structure shows a high proportion of activity related to extracting natural resources, what economic vulnerability might arise if those reserves become depleted?

Question

Accepted Answer

Potential for significant economic turmoil. Over-reliance on a single primary resource creates vulnerability; depletion or changing demand can cause major economic instability. This is an inherent risk associated with undiversified economies. (Source 1 mentions that if the Arab states' economy were overly reliant on the primary sector, they may face economic turmoil when reserves are depleted. )