Building a knowledge based economy using oil wealth is clearly possible.

Saudi Arabia has an oil based economy with strong government control over major economic activities.

Ample evidence demonstrates that no country has ever been able to develop a strong and fair economy based on mineral or oil exports.

Azerbaijan's calculations that a blockade of Armenia would mean that our economic and social conditions would plummet while their oil based economy would grow have proved totally faulty.

A self sufficient tourist based economy

Russia s future will be determined by whether it is successful in comprehensively modernizing its economy, which today is largely based on exports of oil, gas, and other natural resources.

Frankly, two Africa s are emerging a modern economy and a cash based economy.

Let's pretend that our government supported an oil based economy, while discouraging more sustainable forms of energy, knowing all the while that the result would be pollution, war and rising costs.

Russia s economy is more dependent on gas and oil than ever before.

In a non oil economy, labor is the main engine of wealth.

High oil prices kept Russia's economy and common people's income growing rapidly.

Moreover, Iraq's possession of oil is a mixed blessing, because few oil based economies have proven hospitable to liberal democracy.

Instability has the potential to keep oil prices high, benefiting the Iranian economy.

The budget is based on an oil price of 80 per barrel.

Africa s cash based economy has in the past constrained development.

Olive and olive oil production is particularly important for the economy of the region.

It helps to anchor the global economy in an open, rules based system based on international law.

Economy The economy of Pagan was based primarily on agriculture, and to a much smaller degree, on trade.

The global economy and the US economy, in particular is growing faster than expected, and world oil prices are above 100 per barrel.

WINDHOEK Namibia is a resource based economy that has embarked on an ambitious development program. Our vision is to turn Namibia into a knowledge based, diversified economy by 2030.

Before we used to just budget on whatever oil we bring in, because oil is the biggest, most revenue earning sector in the economy 70 percent of our revenues come from oil.

First, Russia is failing to diversify its economy rapidly enough. Oil is a mixed blessing.

Its economy has boomed thanks to oil and gas exports, not to healthy market developments.

The recovery of oil prices after 2001 boosted the Venezuelan economy and facilitated social spending.

The new economy based on finance and shopping skipped a generation.

The local economy is based on industry, tourism and craft work.

But if growth is likely to accelerate next year in oil consuming economies such as China, what explains plunging oil prices? The answer lies not in China s economy and oil demand, but in Middle East geopolitics and oil supply.

One might think that a country that owns foreign oil can use the profits from sales to insulate its economy from high world oil prices.

While the sharp rise in oil prices during 2004 led to windfall revenues for oil exporting countries, its impact on the global economy was limited.

Oil, it seems, will not only transform Brazil s economy, but its very role in the world.

The US economy has been taken over by billionaires, the oil industry, and other key sectors.

Over the past 20 years, oil functioned as a type of life jacket for Mexico s economy.

The country is well on its way to a knowledge based economy.

The economy is heavily based in agriculture, with a largely rural population.

Algeria s economy is massively dependent on oil and gas exports, Morocco s is largely based on agricultural production (on which the weather has a huge impact) and remittances from expatriates, while Tunisia depends on European consumer demand and tourism.

Until the second half of 2008, Sudan's economy boomed on the back of increases in oil production, high oil prices, and large inflows of foreign direct investment.

Around 80 of the world s primary energy today is carbon based coal, oil, and gas.

Their economy was traditionally based on camel herding along with a little agriculture.

Since the 1950s, List's economy has been heavily based on the tourist industry.

Its economy is now based on tourism, financial services, shipping and Internet gambling.

Since the discovery of North Sea oil in Norwegian waters during the late 1960s, exports of oil and gas have become very important elements of the economy of Norway.

Our vision is to turn Namibia into a knowledge based, diversified economy by 2030.

The economy of the town is based on wine production and cattle, and sheep.

(q) Issues related to the informal and cash based economy, including alternative remittance systems

Promoting alternative livelihoods is the key to moving away from a drugs based economy.