resourcedependent

Resource-dependent describes economies, regions, or organizations that rely heavily on external resources for income, growth, or survival. In macroeconomics, a resource-dependent economy depends on natural resources such as oil, minerals, gas, timber, or fisheries for a large share of GDP, government revenue, and employment. This dependence exposes it to external shocks such as commodity price volatility and terms-of-trade swings and often invites governance challenges, including rent-seeking and corruption. The concept is linked to the resource curse and Dutch disease, where resource wealth can hinder diversification and long-term development if not managed carefully.

To reduce vulnerability, policymakers pursue diversification, prudent fiscal policy, and institutions that improve transparency and accountability. Tools include sovereign wealth or stabilization funds, revenue-sharing frameworks, investment in education and infrastructure, and policies that promote value-added production rather than mere extraction. Diversification aims to weaken the direct link between resource rents and economic performance.

In organizational theory, Resource Dependence Theory examines how organizations rely on resources controlled by external actors and adapt their strategies, structures, and networks accordingly. Firms form alliances, joint ventures, or long-term supplier relationships to secure critical inputs and reduce dependence. They may also pursue mergers or political strategies to shift bargaining power and stabilize access to resources.

Ecologically, resource-dependent may describe species or ecosystems that require specific resources to persist. Changes in resource availability due to overexploitation, climate change, or habitat degradation threaten viability, underscoring the need for sustainable management and conservation.