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A resource-based economy is a term first proposed by Jacque Fresco but he was denied a copyright of the term based on it being found to be too utilitarian. Natural-resource-based economy is a term first created by Peter Joseph to clarify that the concept behind Resource Based Economy is rooted in scientific findings about our natural world. The definitions found below are simply made up out historical interpretations of the individual words used within the term with no account of the historical context of the term itself.
A resource-based economy or natural-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.
GCC
The economies of Gulf Cooperation Council (GCC) countries like Saudi Arabia, Kuwait and Qatar are highly dependent on exporting oil and gas.
Suriname
Suriname's exports of bauxite account for more than 15% of GDP and 70% of export earnings.
Russia
Of Russian exports, more than 80% are oil, natural gas, metals and timber. Since Russia has a resource based economy, it depends most of all on the fluctuations of oil and gas demand and prices.
Norway
Norway's export of oil and gas forms 45% of total exports and more than 20% of the GDP.
Bibliography
- Barry C.Field (2000), Natural Resource Economics, McGraw-Hill. ISBN 0-07-231677-2.
- Thomas H. Tietenberg (1988), Environmental and Natural Resource Economics, Scott-Foresman. ISBN 0-673-18945-7.
- Philip A. Neher (1990), Natural Resource Economics: Conservation and Exploitation, Cambridge University Press. ISBN 0-521-31174-8.
- Steven C. Hackett (2001), Environmental and Natural Resources Economics: Theory, Policy, and the Sustainable Society, M.E. Sharpe. ISBN 0-7656-0682-8.
- Erhun Kula (1992), Economics of Natural Resources and the Environment, Springer. ISBN 0-412-36330-5.
- Juan C. Suris Regueiro, Manuel M. Varela Lafuente (1995), Introducción a la economía de los recursos naturales, Civitas. ISBN 84-470-0613-1.
- Pere Riera (2005), Manual de economía ambiental y de los recursos naturales, Thomson. ISBN 84-9732-369-6.
- Carlos Romero (1994), Economía de los recursos ambientales y naturales, Alianza Editorial. ISBN 84-206-6811-7.
- Alan Randall, Ricardo Calvet Perez (1985), Economía de los recursos naturales y política ambiental, Limusa. ISBN 968-18-1727-3.
- Roxana Barrantes (1997), Hacia un nuevo dorado: Economía de los recursos naturales, Consorcio de Investigación Económica. ISBN 9972-670-00-7.
External links
- "How to Sustain Growth in a Resource Based Economy? The Main Concepts and their Application to the Russian Case" (United Nations Economic Commission for Europe)
- Twaddell, Hannah (2007). Best practices to enhance the transportation-land use connection in the rural United States. Retrieved 2012-03-13. p.26
- CIA - World Factbook Suriname
- Ellman, Michael (2006). Russia's oil and natural gas: bonanza or curse?. Retrieved 2012-03-13. p.191
- Nesvetailova, Anastasia. "Why farmers in Belarus will profit under Putin's sanctions". The Conversation. Retrieved 10 September 2014.
- OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Norway 2011. 2011. Retrieved 2012-03-13. p.60