What is the core concept of resource nationalism?

Resource nationalism is when a country asserts greater control over its natural resources, typically by implementing policies that prioritize national interests over those of foreign companies or international market forces.

Why do countries pursue resource nationalism?

Nations pursue resource nationalism to maximize economic benefits, enhance national sovereignty, secure resources for domestic use, protect the environment, or address social inequalities related to resource extraction.

What are common measures associated with resource nationalism?

Common measures include increasing taxes or royalties on resource extraction, imposing domestic processing requirements, restricting exports, renegotiating contracts with foreign investors, or even nationalizing industries.

How does resource nationalism affect the global economy?

It can lead to supply disruptions, price volatility for commodities, reduced foreign direct investment in affected sectors, and potential geopolitical tensions, impacting global trade and economic stability.

Which industries are most impacted by resource nationalism?

The mining (e.g., critical minerals), oil and gas, and increasingly, water and agricultural sectors are most frequently affected due to their strategic economic importance and finite nature.