The Way to Achieve Internalization of External Diseconomy of Exploitation of Mineral Resources

Abstract

Mineral resources, one of the earliest natural objects which human developed and utilized, has played a pivotal role in the process of social and economic development. According to “China's mineral resources policy”, more than 92% primary energy, 80% industrial raw materials, more than 70% agricultural production materials come from mineral resources. As quasi-public goods, mineral resources not only bring the economic benefits but also produce strong negative externalities in the process of its development and utilization. The way to achieve internalization of external diseconomy of exploitation of mineral resources utilizing the theory of externality has the great significance to the sustainable development of mineral resources and economic and social. Index Terms Mineral resources External Diseconomy Internalization