Resource nationalism limiting globalisation Flashcards
what is resource nationalism
Resource nationalism is when governments take measures to ensure that domestic industries and consumers have priority access to the resources found in their country
Canada based First Quantum had to hand over ….% ownership of a copper mining project (worth US………$ million) in the …………….. to the country’s government
65%
550
DRC
THOSE THAT HAVE NATURAL ENDOWMENTS SUCH AS MINERALS AND OTHER COMMODITIES HAVE BEEN CONY=TINULLY ASSESING HOW THEY CAN AQQUIRE MORE REVENUE FROM THESE RESOURCES .THIS CAN BE DONE FROM TAXES ROYALTIES OR FULL STATE OWNERSHIP
In 2011 Ernst young found how many countries that are trying to exploit commodity companies
25