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{{Short description|Economy whose gross national product or gross domestic product comes mainly from natural resources}}
{{Distinguish|Post-scarcity economy}} {{Distinguish| Post-scarcity economies}}
⚫ A '''resource-based economy''' or '''natural-resource-based economy''' is 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=2012-03-13}} p.26</ref>
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{{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>
==Suriname==
⚫ ]'s exports of ] account for more than 15% of GDP and 70% of export earnings.<ref></ref>


==Russia== ==Examples==
The economies of ], GCC, countries like ], ] and ] are highly dependent on exporting oil and gas.
⚫ Of ], more than 80% are 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=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|accessdate=10 September 2014}}</ref>


⚫ ]'s exports of ] account for more than 15% of GDP and 70% of export earnings.<ref></ref>
==Saudi Arabia==

]'s economy depends to a large extent on petroleum.The petroleum sector accounts for roughly 92.5% of Saudi budget revenues, 90% of export earnings, and 55% of GDP. With a diverse group of trade partners, there is always demand for Saudi Oil, thus stabilizing the economy.
⚫ 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>
==Norway==

]'s export of oil and gas forms 45% of total exports and 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 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=2012-03-13}} p.60</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>
==Australia==

Australia developed aspects of a resource-based economy in the later twentieth century, while retaining a foundation in agricultural exports, and latterly minerals.<ref>http://lockthegate.org.au/documents/doc-301-minerals-boom---australia-s-resources-curse.pdf retrieval June-1-2012</ref><ref>http://www.tandfonline.com/doi/abs/10.1080/08941929209380790 retrieve June-1-2012</ref>
==See also==
* ]


==References== ==References==
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==Bibliography== ==Bibliography==
* Barry C.Field (2000), Natural Resource Economics, McGraw-Hill. ISBN 0-07-231677-2. * 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. * ] (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. * 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. * 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. * 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. * 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. * 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. * 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. * 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. * Roxana Barrantes (1997), Hacia un nuevo dorado: Economía de los recursos naturales, Consorcio de Investigación Económica. {{ISBN|9972-670-00-7}}.


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

⚫ ]
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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

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