 Resource powers? Minerals, energy and the rise of the BRICSJeffrey D. Wilson Third World Quarterly, 2015, vol. 36, issue 2, 223-239 Abstract: The rise of new economic powers has seen increasing attention focused on the international role of the BRICS countries. Importantly, a common feature uniting the BRICS is that they are all resource-rich, and many analysts (and some BRICS governments) have argued that natural resources are one of the key factors propelling the rise of the group. This article explores the BRICS’ emerging status as ‘resource powers’, examining how resource wealth underpins their economic development and foreign policy strategies, and thus contributes to their growing influence in international affairs. It is argued that through the use of nationalistic mining and energy policies, the BRICS governments have exploited natural resources for both domestic economic and international diplomatic objectives. However, there are several challenges and emerging risks facing the BRICS’ resource strategies, which mean that resource wealth is making a positive – though inherently limited – contribution to the growing international status of the group. Date: 2015 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ctwqxx:v:36:y:2015:i:2:p:223-239 Ordering information: This journal article can be ordered from DOI: 10.1080/01436597.2015.1013318 Access Statistics for this article Third World Quarterly is currently edited by Shahid Qadir More articles in Third World Quarterly from Taylor & Francis Journals |
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