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A resource-based economy is a term used for the economy of a country whose gross national product or gross domestic product to a large extent comes from natural resources.

For example Suriname, is depending on the export of Bauxite, which accounts for more than 15% of GDP and 70% of export earnings. Russian export is for more than 80% based on oil, natural gas, metals and timber. Norway depends on the export of oil and gas, that forms 45% of total exports and constitute more than 20% of the GDP.

Alternative use

The term resource-based economy or Post scarcity is also used for an economic theory in which money, debt, exchange, private property and the profit motive would serve no purpose and human needs such as food, goods, services and information are free. Jacque Fresco, a structural engineer and industrial designer, and the filmmaker Peter Joseph use the term resource-based economy. Fresco and Joseph have used the term since 1975 and 2009, respectively, in relation to The Venus ProjectThe Zeitgeist Movement uses the term resource-based economy as does the Technocracy Movement.

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: Norway 2011. 2011. Retrieved 3-13-2012. {{cite book}}: Check date values in: |accessdate= (help) p.60
5. "They've Seen the Future and Dislike the Present". New York Times. 2009-03-16.
6. "The Zeitgeist Movement: Envisioning A Sustainable Future". Huffington Post. Mar 16, 2010. {{cite web}}: Italic or bold markup not allowed in: |publisher= (help)
7. A dream worth having, Rhonda Swan, The Palm Beach Post, April 30, 2009
8. "Resource Based Economy". The Venus Project.
9. Accounting For Nature: Moving Toward Resource-Based Economics, by the Technocracy Movement. Retrieved March-25, 2012
10. Technate Design - An idea for now, by the Technocracy Movement. Retrieved March-25, 2012. Proposes moving toward Resource-Based Economics by objectively analyzing the social structure and applying the scientific method to the social structure, instead of what the Technocracy Movement believes to be the outmoded monetary structure, or price system.

• Economics