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⚫ {{Short description|Economy whose gross national product or gross domestic product comes mainly from natural resources}}
A '''resource-based economy''' may refer to:
{{Distinguish| Post-scarcity economies}}
{{pp-pc}}
{{Pp-pc}}
{{Economic systems sidebar}}


A '''resource-based''' or '''natural-resource-based economy''' is that of a country whose ] or ] to a large extent comes from ].<ref>{{cite book |last= Twaddell|first=Hannah |author-link=Hannah Twaddell |year=2007 |title=Best practices to enhance the transportation-land use connection in the rural United States |publisher=Transportation Research Board |isbn=9780309098946 |url=https://books.google.com/books?id=CcYVZMR2XSMC&q=%22definition%22+%22resource+based+economy%22&pg=PA26|access-date=2012-03-13}} p.26</ref>
⚫ * The economy of a country whose ] to a large extent comes from ].
* The name used by ] and ] to describe a ] world economy. It is a method of resource management in which the price mechanism is no longer a mediating factor between supply and demand. Likewise, human labor is no longer a factor contributing to the extraction-production-distribution process, nor does it serve in the operation of services. In place of the price mechanism, a resource-based economy utilizes cybernetics and substitutes cybernation in place of human labor. Fresco's claim is that, theoretically, every task performed by humans can be replaced by automated systems. If achieved and organized into an infrastructure linked with cybernetic systems (cybernation), resources can be thoroughly tracked through the process of extraction-production-distribution as long as it takes place within a closed system, such as Earth. Fresco further claims that this progression of technology, if it were carried on independently of its profitability, would make more resources available to more people by producing an abundance of products and materials. Fresco claims that the production capabilities of modern technology is at such a stage of maturity that it can produce abundance great enough to render the price mechanism unnecessary as a means of rationing resources. This is to the extent that humans can proceed beyond a certain threshold of abundance, actualized by an adequate efficiency of cybernation. This would also thereby eliminate the need for money. Fresco claims this abundance is even more feasible considering the prospect of nanotechnology. However, the entirety of a resource-based economy depends upon a global survey of the planet's resources to establish a hierarchy of resource availability and prioritize development on that basis. In essence, all development would deduce from inventory. Fresco presents the controversial claim that energy and resources are abundant enough to provide for every human need many times over. Fresco further claims that if such resources are translated into the means whereby human needs are satisfied, society will undergo a paradigm shift in all respects. This new-found abundance of resources and fulfillment of human need would, according to Fresco, reduce the human tendency toward corruption, crime, greed, and war, and by extension, prisons, police, laws, and politics. In such a system, the self-preservation of individuals would no longer lead to strategic actions detrimental to other people, the environment, or themselves. This is because the uncertainty of survival, produced by scarcity, is no longer a pervasive pressure, nor is vested interest or the profit motive contributive.<ref>{{cite web|url=http://www.thevenusproject.com/en/the-venus-project/resource-based-economy|title=Resource Based Economy|publisher=]}}</ref>


== References == ==Examples==
The economies of ], GCC, countries like ], ] and ] are highly dependent on exporting oil and gas.

]'s exports of ] account for more than 15% of GDP and 70% of export earnings.<ref></ref>

Of ], more than 80% are oil, natural gas, metals and timber.<ref>{{cite book |last=Ellman |first=Michael |year=2006 |title=Russia's oil and natural gas: bonanza or curse? |publisher=Anthem Press |isbn=9781843317555 |url=https://books.google.com/books?id=2ysbUhP57FYC&q=russia+OR+suriname+%22resource+based+economy%22&pg=PA191 |access-date=2012-03-13}} p.191</ref> Since Russia has a resource-based economy, it depends most of all on the fluctuations of oil and gas demand and prices.<ref>{{cite web|last1=Nesvetailova|first1=Anastasia|title=Why farmers in Belarus will profit under Putin's sanctions|url=http://theconversation.com/why-farmers-in-belarus-will-profit-under-putins-sanctions-30336|website=The Conversation|date=11 August 2014 |access-date=10 September 2014}}</ref>

]'s export of oil and gas forms 45% of total exports and more than 20% of the GDP.<ref>{{cite book |year=2011 |title=OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Norway 2011|publisher=OECD |isbn= 9789264098459|url=https://books.google.com/books?id=RSS_7DfFiUsC&q=russia+OR+suriname+OR+norway+%22resource+based+economy%22&pg=PA60 |access-date=2012-03-13}} p.60</ref>

==See also==
* ]

==References==
{{Reflist}} {{Reflist}}


==Bibliography==
⚫ ]
* Barry C.Field (2000), Natural Resource Economics, McGraw-Hill. {{ISBN|0-07-231677-2}}.
* ] (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, ]. {{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==
* (United Nations Economic Commission for Europe)

{{Authority control}}

⚫ ]

Latest revision as of 14:58, 30 September 2024

Economy whose gross national product or gross domestic product comes mainly from natural resources Not to be confused with Post-scarcity economies.

Part of a series on
Economic systems
Major types
By ideology
By coordination
By regional model
Sectors
Property types
Transition
Coordination
Other types

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

Examples

The economies of Gulf Cooperation Council, GCC, countries like Saudi Arabia, Kuwait and Qatar are highly dependent on exporting oil and gas.

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. Since Russia has a resource-based economy, it depends most of all on the fluctuations of oil and gas demand and prices.

Norway's export of oil and gas forms 45% of total exports and more than 20% of the GDP.

See also

References

  1. Twaddell, Hannah (2007). Best practices to enhance the transportation-land use connection in the rural United States. Transportation Research Board. ISBN 9780309098946. Retrieved 2012-03-13. p.26
  2. CIA - World Factbook Suriname
  3. Ellman, Michael (2006). Russia's oil and natural gas: bonanza or curse?. Anthem Press. ISBN 9781843317555. Retrieved 2012-03-13. p.191
  4. Nesvetailova, Anastasia (11 August 2014). "Why farmers in Belarus will profit under Putin's sanctions". The Conversation. Retrieved 10 September 2014.
  5. OECD Environmental Performance Reviews OECD Environmental Performance Reviews: Norway 2011. OECD. 2011. ISBN 9789264098459. Retrieved 2012-03-13. p.60

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

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