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| A '''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> | A '''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> | ||
| ==Suriname== | |||
| For example: | |||
| ]'s exports of ] account for more than 15% of GDP and 70% of export earnings.<ref></ref> | |||
| ==Russia== | |||
| ⚫ | |||
| 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> | |||
| ⚫ | |||
| ⚫ | * How to Sustain Growth in a Resource Based Economy? The Main Concepts and their Application to the Russian Case http://www.unece.org/fileadmin/DAM/ead/sem/sem2005/papers/Ahrend.pdf ( ''United Nations Economic Commision for Europe'' ) | ||
| ==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> | ||
| ==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> | ||
| == References == | == References == | ||
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| * 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== | |||
| ⚫ | * How to Sustain Growth in a Resource Based Economy? The Main Concepts and their Application to the Russian Case http://www.unece.org/fileadmin/DAM/ead/sem/sem2005/papers/Ahrend.pdf ( ''United Nations Economic Commision for Europe'' ) | ||
| ] | ] | ||
Revision as of 21:45, 10 September 2014
A resource-based economy is the economy of a country whose gross national product or gross domestic product to a large extent comes from natural resources.
Suriname
Suriname's exports of bauxite account for more than 15% of GDP and 70% of export earnings.
Russia
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
Norway's export of oil and gas forms 45% of total exports and more than 20% of the GDP.
Australia
Australia developed aspects of a resource-based economy in the later twentieth century, while retaining a foundation in agricultural exports, and latterly minerals.
References
- Twaddell, Hannah (2007). Best practices to enhance the transportation-land use connection in the rural United States. Retrieved 2012-03-13. p.26
- CIA - World Factbook Suriname
- Ellman, Michael (2006). Russia's oil and natural gas: bonanza or curse?. Retrieved 2012-03-13. p.191
- Nesvetailova, Anastasia. "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. 2011. Retrieved 2012-03-13. p.60
- http://lockthegate.org.au/documents/doc-301-minerals-boom---australia-s-resources-curse.pdf retrieval June-1-2012
- http://www.tandfonline.com/doi/abs/10.1080/08941929209380790 retrieve June-1-2012
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 http://www.unece.org/fileadmin/DAM/ead/sem/sem2005/papers/Ahrend.pdf ( United Nations Economic Commision for Europe )