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Resource-based economy

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This is an old revision of this page, as edited by Earl King Jr. (talk | contribs) at 07:14, 29 December 2013 (Editor is removing information. Enano Humano read talk page history for info. Also use an edit summary. Stop your reverts on this Uncalled foUndid revision 588083726 by Enano Humano (talk)). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Revision as of 07:14, 29 December 2013 by Earl King Jr. (talk | contribs) (Editor is removing information. Enano Humano read talk page history for info. Also use an edit summary. Stop your reverts on this Uncalled foUndid revision 588083726 by Enano Humano (talk))(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) This article is about countries whose income comes mainly from natural resources. For use of the term as an economic theory, see The Venus Project.

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.

For example:

  • 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.
  • Norway's export of oil and gas forms 45% of total exports and more than 20% of the GDP.
  • Australia developed aspects of a resource-based economy in the later twentieth century, while retaining a foundation in agricultural exports, and latterly minerals.

References

  1. Twaddell, Hannah (2007). Best practices to enhance the transportation-land use connection in the rural United States. Retrieved 13-3-2012. {{cite book}}: Check date values in: |accessdate= (help) p.26
  2. CIA - World Factbook Suriname
  3. Ellman, Michael (2006). Russia's oil and natural gas: bonanza or curse?. Retrieved 13-3-2012. {{cite book}}: Check date values in: |accessdate= (help) p.191
  4. OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Norway 2011. 2011. Retrieved 13-3-2012. {{cite book}}: Check date values in: |accessdate= (help) p.60
  5. http://lockthegate.org.au/documents/doc-301-minerals-boom---australia-s-resources-curse.pdf retrieval June-1-2012
  6. http://www.tandfonline.com/doi/abs/10.1080/08941929209380790 retrieve June-1-2012
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