Sustainable finance
Resource Nationalism
Definition
Resource nationalism is the assertion by states of greater control over natural resources within their territory, through instruments such as nationalisation, higher royalties and taxes, export restrictions or bans, local processing requirements and renegotiation of contracts. It typically rises with commodity prices and with political pressure to capture more value from the country's own resources.
References
Supports definition and framing.
Supports definition and framing.
Overview
How it is used
The term structures analysis of mining policy, critical minerals strategy, investment risk assessment and resource diplomacy.
Why it matters
Resource nationalism will partly determine how the critical minerals of the transition are shared and priced — and whether producing countries capture development value or merely supply raw rock.