The ways we consume vitality and produce commodities are changing. This transformation may benefit the worldwide economic system, however resource producers must adapt to remain competitive.
Policy makers might capture the productiveness advantages of this useful resource revolution by embracing technological change and allowing a nation’s energy mix to shift freely, at the same time as they deal with the disruptive results of the transition on employment and demand. Resource exporters whose finances depend on resource endowments might want to discover various sources of income. Importers might top off strategic reserves of commodities whereas prices are low, to safeguard towards supply or worth disruptions, and invest in infrastructure and schooling. Create a profile to get full access to our articles and stories, together with those by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and e-mail alerts.
A new McKinsey Global Institute report, Beyond the …