The methods we consume energy and produce commodities are changing. This transformation could benefit the worldwide financial system, but useful resource producers must adapt to stay aggressive.
Policy makers could seize the productiveness benefits of this resource revolution by embracing technological change and allowing a nation’s energy mix to shift freely, even as they handle the disruptive results of the transition on employment and demand. Resource exporters whose funds rely on useful resource endowments might want to find various sources of revenue. Importers might replenish strategic reserves of commodities whereas costs are low, to safeguard towards provide or price disruptions, and invest in infrastructure and schooling. Create a profile to get full access to our articles and reports, 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 supercycle: How expertise is …