The ways we eat power and produce commodities are changing. This transformation may gain advantage the global economic system, but useful resource producers will have to adapt to remain aggressive.
Policy makers may seize the productivity benefits of this resource revolution by embracing technological change and allowing a nation’s power mix to shift freely, at the same time as they address the disruptive effects of the transition on employment and demand. Resource exporters whose finances depend on resource endowments might want to discover alternative sources of revenue. Importers may replenish strategic reserves of commodities whereas costs are low, to safeguard towards supply or price disruptions, and invest in infrastructure and education. Create a profile to get full access to our articles and studies, together with those by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and email alerts.
A new McKinsey Global Institute report, Beyond …
