Verisk Maplecroft determined that 18 of the 34 countries are dependent on the minerals or hydrocarbons they export, and predicted that the threat of isolationism would increase in the coming years as governments attempt to plug fiscal holes in the wake of the pandemic.
The mining sector will bear the brunt of new measures, according to the report, with some of the world s top producers of copper and iron ore, particularly in Africa and South America, featuring among the top 10 countries at risk. It is entirely understandable that governments are casting around for additional sources of revenue in these fiscally constrained times, Verisk s Hugo Brennan, Head of Mining Risk told CNBC on Friday.
Protectionism around natural resources is surging, and could spell danger for commodities
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Protectionism around natural resources is surging, and could spell danger for commodities
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Nationalism on Natural Resources Is Surging, and Could Spell Danger for Commodities
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Westerners grow wary of China travel over threat of detention
Since citizens of several nations are being held by Chinese authorities, admittedly to pressure their governments, some in the business community seek alternatives to in-person dealings
Bloomberg
As the research director of an activist investor, Anne Stevenson-Yang, cofounder of J Capital Research, made business trips to China from the US almost monthly before the COVID-19 pandemic hit. However, she has strong reservations about going back, even after the pandemic subsides.
Some who do business with China are increasingly worried about the risk of being swept up by security agents and becoming casualties of geopolitical tensions between Beijing and the West.