Resource management is the ability to manage available resource (natural capital, human capital, financial capital) efficiently – regardless of whether the capital is scarce or abundant. Whether a country does or does not possess resources within its boundaries (natural and other resources), efficiency in using resources – whether domestic or imported - is a cost factor, affecting the competitiveness and thus wealth of nations. Over-exploitation of existing natural resources also affects the natural capital of the country, i.e. the ability of a country to support its population and economy with the required resources into the future.
Resource Management World Map
The resource intensity ranking is topped by less developed countries, with no OECD nation or developed economy in the top 20. Ireland and Sweden, the highest ranking of the developed economies, are placed 21 & 26, followed by Latvia (33), and Luxembourg (35). The UK, thanks to a near-complete de-industrialisation ranks 39. World’s economic powerhouses score comparable low: Germany is ranked 149, Japan 162, and the USA at 161. Brazil is positioned the highest among the large emerging economies (66), while India (138), China (166) and Russia (152) have a distinctive potential for improving their sustainable competitiveness through improving resource intensity and resource management – i.e. reducing costs, at the end of the day.
Dark areas indicate high resource efficiency, lighter high resource intensity
Global Resource Intensity Rankings
The resource intensity ranking is topped by Kenya, followed by Togo and Ethiopia – mainly due to low resource consumption. However, also highly developed economies achieve high rankings – Sweden (5), Luxembourg (6) and the UK (8) are all ranked within the top ten. However, the World’s economic powerhouses are ranked significantly lower – Germany on 77, Japan on 96, the US on 102, and China on 160. The low rankings indicate a distinctive potential for improving sustainable competitiveness through reducing resource intensity and resource management – i.e. reducing costs, at the end of the day.