Resource-based economy: Difference between revisions

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	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=https://books.google.com/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''' 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=https://books.google.com/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>

			==GCC==
			The economies of GCC countries like ], ] and ] are highly dependent on exporting oil and gas.

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

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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.

GCC

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

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.

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)

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

Category:

Resource economics