Demand for resources vary with time & location (& development) FLASHCARDS NEEDED

Resource rich, but still LEDC,

Holds 10% of copper, and 34% Cobolt

Also has Uranium, Gold, Silver, and Tin & major offshore oil deposit

Huge HEP potential

Life Expectancy = 49

Infant mortality = 129/1000

Poor Government - Civil war between 1998 - 2003

Corruption

$2.6 billion in exports for 60 million people (Compared to UK of $650 billion for same population)

Poverty means internal demand for these resources is low

56% of its copper is exported, highly vunerable to world markets

• Resource poor, but highly developed
• GDP - Around $40,000

Owes prosperity to educated & skilled workforce 

Imports most of coal and 3/4 of oil

69% of national output is tertiary, 30% is manufactoring

Industries like shipbuilding & steelworks thrived in 1960's but changed to knowledge industries like telecoms and electronics 

Most industry moved to Europe, Asia, and North America

Explains why raw material imports fell by 12% in 1993 - 2003

However, oil imports continue to rise

As its economy and high standard of living is still fuelled by energy

35% increase in energe use between 1990-2005 due to general rise in living standards and increase in economy (GDP increase by 25%)

Previously LEDC

Companies started to locate here

Led to surge in industry

Became second largest economy in the world

Growth mainly occurd in last 10 years

In 2004, responsible for 1/2 metal demand and 1/3 oil demand

2007, largest iron or producer yet still imports 375 million tonnes 

1990 = 2.4 million barrels a day, now 7 million, only 1/2 is met by domestic supply

Has 1/5th of population, consumes half od world cement, 1/3 steel and 1/4 of aliminium

• 2000-2006, 37% a year increase in car ownership
• China is Australia's second largest market for dairy
• Trade links with Sudan, Angola, DRC, to secure supply