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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/ideology, in which things such as goods, services and information are free. This use of the term is by Jacque Fresco, a philosopher and futurist. Fresco has used the term since 1975 in relation to The Venus Project, in Venus, Florida. The Zeitgeist Movement also uses the term resource-based economy as does the Technocracy Movement. and Charles Eisenstein in describing his book Sacred Economics

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. Technate Design - An idea for now.
3. CIA - World Factbook Suriname
4. 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
5. 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
6. "Resource Based Economy". The Venus Project.
7. http://technocracy.org/transition/economy/279-transition-doll March-25-2012 retrieve.

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