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.^[1][2]

For example Suriname, is depending on the export of Bauxite, which accounts for more than 15% of GDP and 70% of export earnings.^[3] Russian export is for more than 80% based on oil, natural gas, metals and timber.^[4] Norway depends on the export of oil and gas, that forms 45% of total exports and constitute more than 20% of the GDP.^[5]

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.^[6] The Zeitgeist Movement also uses the term resource-based economy as does the Technocracy Movement.^[7]

References