Resource nationalism - subtle moves
Synopsis
200,000 people protested in Rio de Janeiro, demanding a greater share of revenue from offshore oil and gas extraction.
Synopsis
James Smither of Maple Croft discusses resource nationalism in a 2012 news segment. He notes that while Argentina is known for its expropriation of YPF, the trend is shifting towards more subtle regulatory measures. Governments are increasingly implementing fiscal policies, such as higher royalties and profit taxes, to redistribute revenue and promote local development. Smither also points out that this issue is not limited to emerging markets, with new taxes appearing in places like the UK and Australia.
Deep Dive
Why Watch
- Find out how Argentina's YPF was expropriated in 2012.
- See why 200,000 protested in Rio for oil revenue.
- Meet James Smither from Maple Croft discussing resource trends.
Did You Know
- Argentina famously expropriated YPF in 2012.
- 200,000 people protested in Rio de Janeiro for a greater share of oil revenue.
- The UK and Australia have imposed new taxes on oil and gas projects recently.
- Resource nationalism is not just an emerging market issue; it is also seen in developed countries.
Perfect For
Frequently Asked Questions
What is resource nationalism?
Resource nationalism refers to various measures taken by governments regarding natural resources, including expropriation, regulation, and taxation.
Which countries are examples of resource nationalism?
Countries like Argentina, Kenya, and Mongolia are noted examples of resource nationalism.
What are some subtle forms of resource nationalism?
Subtle forms include increased royalties, profit taxes, and requirements for local procurement and employment in resource extraction.
What are people saying?
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