37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.340-347
Economists and politicians in many countries predict the collapse of the economy's commodity models. This is largely due to the future depletion of certain natural resources. Partly knowing this risk is still a lot of doubt. But the main threat to the operation of the "raw material economy" is the formation of the so-called economy of information. The resource economy is aimed at studying and evaluating economic resources, especially resources - public goods, when determining their optimal placement. The methodological basis of resource economics is a system of methods and tools for non-valuables valuation and this allows for determining costs or benefits related to resources that are free of charge. In many countries, active research is being carried out to improve the use of alternative fuels and resources. Therefore, knowledge becomes a kind of multiplier that increases the value of other economic resources. Countries with rich mineral resources need to start shaping elements of knowledge economy by increasing the scientific and technical potential, increasing the scientific and technical potential by obtaining a supercontrol by reducing the dependence on natural resources in the long run, using dependency on external systems.