Surging Protectionism May Threaten Natural Resources Sector

March 10, 2021 14:32:07

study conducted recently found that nations that are rich in natural resources have become more protectionist in the last year as the COVID-19 pandemic threatened their economies. The study, which was published last week by Verisk Maplecroft, a risk consultancy firm, found that over the course of last year, 34 nations had observed a considerable growth in resource nationalism, with the coronavirus pandemic only aggravating an existing trend toward government intervention.

Maplecroft discovered that of the 34 nations, 18 of them were dependent on the hydrocarbons or minerals they export; the firm forecasted that the isolationism threat would only grow in the near future as governments…


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