Thursday, November 26, 2015
Commodity-producer countries react to low prices and sector sluggishness.
Over the past decade, with the commodities cycle at its height, producing countries turned to policies of resource nationalism. With the cycle now in a downturn and the prices crashing to lows not seen since the financial crisis, governments are facing the consequences of their past decision-making. They will need to rethink their policies to attract investment and encourage the development of sustainable extractive industries.