On Some Trends in Mineral Resource Extraction after 2000

K některým trendům v oblasti získávání nerostných zdrojů po roce 2000

Antonín Dvořák, Pavel Kavina and Richard Nouza

Acta Oeconomica Pragensia, 2008, vol. 2008, issue 4, 83-91

Abstract: The world raw material market has undergone a great change in the recent years. One of the essential reasons is the rapid economic growth of many former developing countries such as China, India, Indonesia, Brazil, Vietnam, etc. These countries were historically and typically producers and exporters of many raw materials but now they also consume or even import them, because the consumption of all raw materials is increasing rapidly in these young, densely populated and rapidly developing countries. In relation to this trend, the nominal prices of various commodities have reached wholly new levels. In the 1970s - and mainly in the 1980s and 1990s - many Western European countries adopted as a main motto of their national resource strategies something like, 'We do not really need national mining of natural resources, we are not to destroy our environment; the absolute majority of required resources will be brought from non-European territories.' But the name of the problem is not 'mining production' but 'consumption', which is still increasing in the developed countries, too. The result of these mistaken strategies was that the raw materials are mined in Third World countries with much more serious environmental impacts compared to Europe. A rightful question comes to mind: Do European countries need different resource politics in the 21st century?

Keywords: natural resources; raw materials; prices of raw materials (search for similar items in EconPapers)
JEL-codes: G30 (search for similar items in EconPapers)
Date: 2008
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://aop.vse.cz/doi/10.18267/j.aop.138.html (text/html)
http://aop.vse.cz/doi/10.18267/j.aop.138.pdf (application/pdf)
free of charge

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:prg:jnlaop:v:2008:y:2008:i:4:id:138:p:83-91

Ordering information: This journal article can be ordered from
Redakce Acta Oeconomica Pragensia, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3
http://aop.vse.cz

DOI: 10.18267/j.aop.138

Access Statistics for this article

Acta Oeconomica Pragensia is currently edited by Klára Šimůnková

More articles in Acta Oeconomica Pragensia from Prague University of Economics and Business Contact information at EDIRC.
Bibliographic data for series maintained by Stanislav Vojir ().