April 25, 2012
The Rise of 'Resource Nationalism'
Hal Weitzman, Politico
Nationalizing the oil industry? Is this the 1960s - with a Latin American backwater grasping at fading socialist ideas to stay in power? This move is actually part of a larger trend now sweeping through developing countries: resource nationalism. It's likely to shape the global economy in coming years the way globalization, trade agreements or "the Washington Consensus" have in previous decades.
TAGGED: oil, Argentina, Resource Nationalism