Knowra Resource extraction Resource extraction Resource extraction is the removal of natural resources from a territory for use or profit elsewhere. It includes activities such as mining, drilling, logging, and commercial fishing.
Mining : Mining is the removal of minerals and other geological materials from the Earth. It extracts solid resources through surface and underground operations.
Resource curse : The resource curse is the pattern in which resource wealth coincides with weak economic performance or political problems. It describes how extraction revenue can fail to produce broad prosperity.
Colonialism : Colonialism is the domination of one territory and its people by an external power. Colonial rule often organized land and labor around resource exports.
Circular economy : A circular economy aims to reduce waste by keeping products and materials in use through reuse, repair, and recycling. It reduces demand for newly extracted materials by circulating existing resources.
Petroleum industry : The petroleum industry explores for, produces, transports, refines, and sells crude oil and natural gas. Oil and gas extraction links territorial wells to distant energy markets.
Dutch disease : Dutch disease is economic harm caused when a booming export sector raises a currency's value and weakens other industries. A resource-export boom can make manufacturing and other tradable sectors less competitive.
Plantation economy : A plantation economy centers on large estates producing cash crops, often through coerced or low-paid labor. Plantations exemplify territorial production organized for distant markets.
Sustainable development : Sustainable development seeks to meet present needs without undermining future generations' ability to meet theirs. It sets a standard against which extraction's long-term costs and benefits are assessed.
Logging : Logging is the felling and removal of trees for timber and other products. It converts forest resources into commodities through harvesting and transport.
Environmental impact of mining : The environmental impact of mining includes habitat loss, pollution, waste, and changes to water and land. Mining reveals how extraction can leave persistent damage at its sites.
Show all 21