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{{Short description|Economy whose gross national product or gross domestic product comes mainly from natural resources}}
⚫ A '''resource-based economy''' is a term used for the economy of a country whose ] or ] to a large extent comes from ].<ref>{{cite book |last= Twaddell|first=Hannah |authorlink=Hannah Twaddell |year=2007 |title=Best practices to enhance the transportation-land use connection in the rural United States |edition= |url=http://books.google.ie/books?id=CcYVZMR2XSMC&pg=PA26&dq=%22definition%22+%22resource+based+economy%22&hl=en&sa=X&ei=0SZfT8nULIrNhAee8oHKBw&ved=0CF0Q6AEwBw#v=onepage&q=%22definition%22%20%22resource%20based%20economy%22&f=false|accessdate=13-3-2012}} p.26</ref>
{{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>
For example ], is depending on the export of ], which accounts for more than 15% of GDP and 70% of export earnings.<ref></ref> ] is for more than 80% based on oil, natural gas, metals and timber.<ref>{{cite book |last=Ellman |first=Michael |authorlink=Michael Ellman |year=2006 |title=Russia's oil and natural gas: bonanza or curse? |edition= |url=http://books.google.ie/books?id=2ysbUhP57FYC&pg=PA191&dq=russia+OR+suriname+%22resource+based+economy%22&hl=en&sa=X&ei=M1hfT5OyJsSIhQfOk6GtBw&ved=0CC8Q6AEwAA#v=onepage&q=russia%20OR%20suriname%20%22resource%20based%20economy%22&f=false |accessdate=13-3-2012}} p.191</ref> ] depends on the export of oil and gas, that forms 45% of total exports and constitute more than 20% of the GDP.<ref>{{cite book |last= |first= |authorlink=Organisation for Economic Co-operation and Development |year=2011 |title=OECD Environmental Performance Reviews: Norway 2011|edition= |url=http://books.google.ie/books?id=RSS_7DfFiUsC&pg=PA60&dq=russia+OR+suriname+OR+norway+%22resource+based+economy%22&hl=en&sa=X&ei=RlZfT6akDdSJhQeD5qzfBw&ved=0CEAQ6AEwAw#v=onepage&q=russia%20OR%20suriname%20OR%20norway%20%22resource%20based%20economy%22&f=false |accessdate=3-13-2012}} p.60</ref>


==Alternative use== ==Examples==
The economies of ], GCC, countries like ], ] and ] are highly dependent on exporting oil and gas.
The term ''resource-based economy'' or '']'' is also used for an economic theory in which ], ], ], ] and the ] would ] and human needs such as food, goods, services and information are free.
], a ] and ], and the ] and activist ] have used the term ''resource-based economy'' since 1975 and 2009, respectively, in relation to ] and ] to advocate for a ] socio-economic system in which all resources become the common heritage of all the inhabitants of the planet, not just a select few.
<ref>{{Cite web|url=http://www.thevenusproject.com/en/the-venus-project/resource-based-economy|title=Resource Based Economy|publisher=]}}</ref><ref name=nytimes>{{cite news|url=http://www.nytimes.com/2009/03/17/nyregion/17zeitgeist.html?_r=2|title=They’ve Seen the Future and Dislike the Present|publisher=] |date=2009-03-16}}</ref><ref name=huffpost>{{cite web |title=The Zeitgeist Movement: Envisioning A Sustainable Future |url=http://www.huffingtonpost.com/travis-walter-donovan/the-zeitgeist-movement-en_b_501517.html |date=Mar 16, 2010 |publisher='']''}}</ref><ref name=PalmBeachPost>, Rhonda Swan, ], April 30, 2009</ref><ref name="Globes20100318">'']'' of , ] (Israel), March 18, 2010.</ref><ref name="TheMarker20120119">'']'' of , original Hebrew article by Asher Schechter, ] (Israel), January 19, 2012. </ref>
The ] also uses the term resource-based economy.
<ref>, by the ]. Retrieved March-25, 2012</ref><ref>, by the ]. Retrieved March-25, 2012. Proposes moving toward Resource-Based Economics by objectively analyzing and applying the scientific method to the socio-economic structure, instead of the outmoded ] structure, or ].</ref>


]'s exports of ] account for more than 15% of GDP and 70% of export earnings.<ref></ref>
⚫ == References ==
⚫ {{Reflist|2}}


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>
⚫ ]

]'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>

==See also==
* ]

⚫ ==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.

Part of a series on
Economic systems
Major types
By ideology
By coordination
By regional model
Sectors
Property types
Transition
Coordination
Other types

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.

See also

References

  1. 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
  2. CIA - World Factbook Suriname
  3. Ellman, Michael (2006). Russia's oil and natural gas: bonanza or curse?. Anthem Press. ISBN 9781843317555. Retrieved 2012-03-13. p.191
  4. Nesvetailova, Anastasia (11 August 2014). "Why farmers in Belarus will profit under Putin's sanctions". The Conversation. Retrieved 10 September 2014.
  5. 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

Category: