Resource-based economy: Difference between revisions

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		⚫	{{Short description\|Economy whose gross national product or gross domestic product comes mainly from natural resources}}
	A '''resource-based economy''' may refer to:
			{{Distinguish\| Post-scarcity economies}}
			{{pp-pc}}
			{{Pp-pc}}
			{{Economic systems sidebar}}

			A '''resource-based''' or '''natural-resource-based economy''' is that of a country whose ] or ] to a large extent comes from ].<ref>{{cite book \|last= Twaddell\|first=Hannah \|author-link=Hannah Twaddell \|year=2007 \|title=Best practices to enhance the transportation-land use connection in the rural United States \|publisher=Transportation Research Board \|isbn=9780309098946 \|url=https://books.google.com/books?id=CcYVZMR2XSMC&q=%22definition%22+%22resource+based+economy%22&pg=PA26\|access-date=2012-03-13}} p.26</ref>
⚫	* ~~The economy of a country~~ whose ] to a ~~large~~ ~~extent~~ comes from ].

			==Examples==
	A Resource-Based Economy is a system in which all goods and services are available without the use of money, credits, barter or any other system of debt or servitude. All resources become the common heritage of all of the inhabitants, not just a select few. The premise upon which this system is based is that the Earth is abundant with plentiful resource; our practice of rationing resources through monetary methods is irrelevant and counter productive to our survival.
			The economies of ], GCC, countries like ], ] and ] are highly dependent on exporting oil and gas.

			]'s exports of ] account for more than 15% of GDP and 70% of export earnings.<ref></ref>
	Modern society has access to highly advanced technology and can make available food, clothing, housing and medical care; update our educational system; and develop a limitless supply of renewable, non-contaminating energy. By supplying an efficiently designed economy, everyone can enjoy a very high standard of living with all of the amenities of a high technological society.

			Of ], more than 80% are oil, natural gas, metals and timber.<ref>{{cite book \|last=Ellman \|first=Michael \|year=2006 \|title=Russia's oil and natural gas: bonanza or curse? \|publisher=Anthem Press \|isbn=9781843317555 \|url=https://books.google.com/books?id=2ysbUhP57FYC&q=russia+OR+suriname+%22resource+based+economy%22&pg=PA191 \|access-date=2012-03-13}} p.191</ref> Since Russia has a resource-based economy, it depends most of all on the fluctuations of oil and gas demand and prices.<ref>{{cite web\|last1=Nesvetailova\|first1=Anastasia\|title=Why farmers in Belarus will profit under Putin's sanctions\|url=http://theconversation.com/why-farmers-in-belarus-will-profit-under-putins-sanctions-30336\|website=The Conversation\|date=11 August 2014 \|access-date=10 September 2014}}</ref>
	A resource-based economy would utilize existing resources from the land and sea, physical equipment, industrial plants, etc. to enhance the lives of the total population. In an economy based on resources rather than money, we could easily produce all of the necessities of life and provide a high standard of living for all.

			]'s export of oil and gas forms 45% of total exports and more than 20% of the GDP.<ref>{{cite book \|year=2011 \|title=OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Norway 2011\|publisher=OECD \|isbn= 9789264098459\|url=https://books.google.com/books?id=RSS_7DfFiUsC&q=russia+OR+suriname+OR+norway+%22resource+based+economy%22&pg=PA60 \|access-date=2012-03-13}} p.60</ref>
	Consider the following examples: At the beginning of World War II the US had a mere 600 or so first-class fighting aircraft. We rapidly overcame this short supply by turning out more than 90,000 planes a year. The question at the start of World War II was: Do we have enough funds to produce the required implements of war? The answer was No, we did not have enough money, nor did we have enough gold; but we did have more than enough resources. It was the available resources that enabled the US to achieve the high production and efficiency required to win the war. Unfortunately this is only considered in times of war.

			==See also==
	In a resource-based economy all of the world's resources are held as the common heritage of all of Earth's people, thus eventually outgrowing the need for the artificial boundaries that separate people. This is the unifying imperative.
			* ]
	The Goal of a Resource Based Economy:

	The goal or incentive for people will be to make each and everyone's lives more rich and enjoyable, comfortable, free, secured, and fun. It's for us to live in Harmony and balance with the planet without the fear, greed, corruption and control. We will also be making sure the Earth is at a total balance of health, while we care for our selves. We all must change our behavior on how to see reality not by Avoiding reality and letting it go, because it just will come back to you. It is Our Responsibility to take care of our own home our own families and our selves, this goal can be reached but not without the whole world cooperating on a massive scale, which does seem difficult but is very possible. To say there is a goal is saying there is an End point, but As in all systems, they are always in a state of evolution and change. There is no such thing as Utopia, but it is possible to create life to perfection as much as possible. We all have a part to do and life should never be about a struggle.
			==References==
			{{Reflist}}

			==Bibliography==
			* Barry C.Field (2000), Natural Resource Economics, McGraw-Hill. {{ISBN\|0-07-231677-2}}.
			* ] (1988), Environmental and Natural Resource Economics, Scott-Foresman. {{ISBN\|0-673-18945-7}}.
			* Philip A. Neher (1990), Natural Resource Economics: Conservation and Exploitation, Cambridge University Press. {{ISBN\|0-521-31174-8}}.
			* Steven C. Hackett (2001), Environmental and Natural Resources Economics: Theory, Policy, and the Sustainable Society, M.E. Sharpe. {{ISBN\|0-7656-0682-8}}.
			* Erhun Kula (1992), Economics of Natural Resources and the Environment, Springer. {{ISBN\|0-412-36330-5}}.
			* Juan C. Suris Regueiro, Manuel M. Varela Lafuente (1995), Introducción a la economía de los recursos naturales, Civitas. {{ISBN\|84-470-0613-1}}.
			* Pere Riera (2005), Manual de economía ambiental y de los recursos naturales, Thomson. {{ISBN\|84-9732-369-6}}.
			* Carlos Romero (1994), Economía de los recursos ambientales y naturales, ]. {{ISBN\|84-206-6811-7}}.
			* Alan Randall, Ricardo Calvet Perez (1985), Economía de los recursos naturales y política ambiental, Limusa. {{ISBN\|968-18-1727-3}}.
			* Roxana Barrantes (1997), Hacia un nuevo dorado: Economía de los recursos naturales, Consorcio de Investigación Económica. {{ISBN\|9972-670-00-7}}.

			==External links==
			* (United Nations Economic Commission for Europe)

			{{Authority control}}

			]

Latest revision as of 14:58, 30 September 2024

Economy whose gross national product or gross domestic product comes mainly from natural resources Not to be confused with Post-scarcity economies.

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A resource-based or natural-resource-based economy is that of a country whose gross national product or gross domestic product to a large extent comes from natural resources.

Examples

The economies of Gulf Cooperation Council, GCC, countries like Saudi Arabia, Kuwait and Qatar are highly dependent on exporting oil and gas.

Suriname's exports of bauxite account for more than 15% of GDP and 70% of export earnings.

Of Russian exports, more than 80% are oil, natural gas, metals and timber. Since Russia has a resource-based economy, it depends most of all on the fluctuations of oil and gas demand and prices.

Norway's export of oil and gas forms 45% of total exports and more than 20% of the GDP.

References

Twaddell, Hannah (2007). Best practices to enhance the transportation-land use connection in the rural United States. Transportation Research Board. ISBN 9780309098946. Retrieved 2012-03-13. p.26
CIA - World Factbook Suriname
Ellman, Michael (2006). Russia's oil and natural gas: bonanza or curse?. Anthem Press. ISBN 9781843317555. Retrieved 2012-03-13. p.191
Nesvetailova, Anastasia (11 August 2014). "Why farmers in Belarus will profit under Putin's sanctions". The Conversation. Retrieved 10 September 2014.
OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Norway 2011. OECD. 2011. ISBN 9789264098459. Retrieved 2012-03-13. p.60

Bibliography

Barry C.Field (2000), Natural Resource Economics, McGraw-Hill. ISBN 0-07-231677-2.
Thomas H. Tietenberg (1988), Environmental and Natural Resource Economics, Scott-Foresman. ISBN 0-673-18945-7.
Philip A. Neher (1990), Natural Resource Economics: Conservation and Exploitation, Cambridge University Press. ISBN 0-521-31174-8.
Steven C. Hackett (2001), Environmental and Natural Resources Economics: Theory, Policy, and the Sustainable Society, M.E. Sharpe. ISBN 0-7656-0682-8.
Erhun Kula (1992), Economics of Natural Resources and the Environment, Springer. ISBN 0-412-36330-5.
Juan C. Suris Regueiro, Manuel M. Varela Lafuente (1995), Introducción a la economía de los recursos naturales, Civitas. ISBN 84-470-0613-1.
Pere Riera (2005), Manual de economía ambiental y de los recursos naturales, Thomson. ISBN 84-9732-369-6.
Carlos Romero (1994), Economía de los recursos ambientales y naturales, Alianza Editorial. ISBN 84-206-6811-7.
Alan Randall, Ricardo Calvet Perez (1985), Economía de los recursos naturales y política ambiental, Limusa. ISBN 968-18-1727-3.
Roxana Barrantes (1997), Hacia un nuevo dorado: Economía de los recursos naturales, Consorcio de Investigación Económica. ISBN 9972-670-00-7.

External links

"How to Sustain Growth in a Resource Based Economy? The Main Concepts and their Application to the Russian Case" (United Nations Economic Commission for Europe)

Category:

Resource economics

Latest revision as of 14:58, 30 September 2024

Examples

See also

References

Bibliography

External links