The methods we devour power and produce commodities are altering. This transformation may benefit the worldwide financial system, however useful resource producers must adapt to stay competitive.
Policy makers might seize the productiveness benefits of this resource revolution by embracing technological change and permitting a nation’s vitality combine to shift freely, whilst they tackle the disruptive effects of the transition on employment and demand. Resource exporters whose finances depend on useful resource endowments might want to find alternative sources of income. Importers might refill strategic reserves of commodities whereas prices are low, to safeguard in opposition to supply or price disruptions, and put money into infrastructure and training. Create a profile to get full access to our articles and experiences, together with these by McKinsey Quarterly and the McKinsey Global Institute, and to subscribe to our newsletters and e-mail alerts.
For resource corporations, significantly incumbents, navigating a future with more …