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April 25, 2012

The Rise of 'Resource Nationalism'

Hal Weitzman, Politico

AP Photo

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.

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TAGGED: oil, Argentina, Resource Nationalism

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