Resource nationalism limiting globalisation Flashcards

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1
Q

what is resource nationalism

A

Resource nationalism is when governments take measures to ensure that domestic industries and consumers have priority access to the resources found in their country

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2
Q

Canada based First Quantum had to hand over ….% ownership of a copper mining project (worth US………$ million) in the …………….. to the country’s government

A

65%

550

DRC

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3
Q

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

A
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4
Q

In 2011 Ernst young found how many countries that are trying to exploit commodity companies

A

25

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