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Resource-based economy

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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.

Alternative use

See also: Post-scarcity economy

The term resource-based economy is also applied to a hypothetical economy in which goods, services and information are free. This use of the term is found in information from Jacque Fresco, in relation to The Venus Project. The Zeitgeist Movement also uses the term resource-based economy.

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. http://lockthegate.org.au/documents/doc-301-minerals-boom---australia-s-resources-curse.pdf retrieval June-1-2012
  7. http://www.tandfonline.com/doi/abs/10.1080/08941929209380790 retrieve June-1-2012
  8. "Resource Based Economy". The Venus Project.
  9. http://www.thezeitgeistmovement.com/faq
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