Resource Use in Small Island States: Material Flows in Iceland and Trinidad and Tobago, 1961-2008.

ABSTRACT: Iceland and Trinidad and Tobago are small open, high-income island economies with very specific resource-use patterns. This article presents a material flow analysis (MFA) for the two countries covering a time period of nearly five decades. Both countries have a narrow domestic resource base, their economy being largely based on the exploitation of one or two key resources for export production. In the case of Trinidad and Tobago, the physical economy is dominated by oil and natural gas extraction and petrochemical industries, whereas Iceland's economy for centuries has been based on fisheries. More recently, abundant hydropower and geothermal heat were the basis for the establishment of large export-oriented metal processing industries, which fully depend on imported raw materials and mak

SUBMITTER: Krausmann F 

PROVIDER: S-EPMC4251509 | biostudies-literature | 2014 Apr

REPOSITORIES: biostudies-literature