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Resource-based economy

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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. More than 80% of Russian exports are based on oil, natural gas, metals and timber. Norway depends on the export of oil and gas, which comprises 45% of its total exports and constitutes 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. 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. The Filmmaker Who Helped Recruit Millions of People for the Global Protests of the Bottom 99%. English translation of original Hebrew article by Asher Schechter, TheMarker (Israel), January 19, 2012.
  8. Imagine. English translation of original Hebrew article by Tsaela Kotler, Globes (Israel), March 18, 2010.
  9. Alan Feuer, They’ve Seen the Future and Dislike the Present. The New York Times, March 16, 2009.
  10. http://technocracy.org/transition/economy/279-transition-doll March-25-2012 retrieve.
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