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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 things such as goods, services and information are free. This use of the term is found in the books and lectures of Jacque Fresco, a structural engineer and industrial designer. Fresco has used the term since 1975 in relation to The Venus Project. The Zeitgeist Movement also 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. "Resource Based Economy". The Venus Project.
6. Accounting For Nature: Moving Toward Resource-Based Economics, by the Technocracy Movement. Retrieved March-25, 2012
7. Technate Design - An idea for now, by the Technocracy Movement. Retrieved March-25, 2012

• Economics