Rapidly expaning global population, growth of the middle class and the unsatiable human appetite for conumption is driving up demand for resources. Many of these resources are not produced in the UK or indeed Europe and are 100% imported from abroad.
Resource nationalism refers to negative, anti-competitive action designed to restrict the international supply of resources. So should UK industry be concerned? Is the UK economy at risk of countries or companies restricting the supply of key resources? Ian Mitchell and Serina Ng, economists from the Department of Environment, Food and Rural Affairs, assess the risks.
Read their blog here.