The Promise – and Pitfalls – of State-led Development in Resource-rich Countries: Resource Nationalism in Latin America and Beyond

My recent analysis on why and how resource nationalism has proliferated in Latin America and many other resource-intensive economies in the Global South.

Developing Economics

miningThe eclipse of neoliberalism in 2000s coincided with the so-called commodity ‘super cycle’ that lasted between 2002 and 2012. In search of a new model, resource-rich states began to articulate resource nationalismas a development strategy. While ownership and control of minerals and hydrocarbons are intricately tied to claims of state sovereignty and exercise of political authority in development policy, resource nationalism can also be understood in terms of a power struggle between host states and global hegemons in their quest to secure resources for their own industrial needs. Hence, contemporary natural resource governance is reflective of the wider ideological return of the state despite two decades of reforms promoting market liberalization and privatization. Resource nationalism is a vital expression of the renewal of stateagencyamidst high external constraints imposed upon resource-rich countries.

Resource Nationalism as a State-led Development Strategy

It is…

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