Latin American Politics Questions
Resource nationalism in Latin American politics refers to the ideology and policy approach that emphasizes the control and ownership of natural resources by the state or the nation. It is based on the belief that these resources are national assets and should be utilized for the benefit of the country and its citizens. Resource nationalism often involves the nationalization or increased state intervention in industries such as oil, gas, mining, and agriculture, aiming to ensure that the profits and benefits derived from these resources are retained within the country. This concept emerged as a response to historical exploitation by foreign companies and governments, seeking to reclaim sovereignty over natural resources and promote economic development and social welfare.