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| 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> | 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> | ||
| ==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. | |||
| ==Norway== | ==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 |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> | ||
Revision as of 08:26, 17 November 2015
Not to be confused with Post-scarcity economy.A resource-based economy or natural-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.
Saudi Arabia
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.
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" (United Nations Economic Commission for Europe)