Is Resource Nationalism Fading in Latin America? The Case of the Oil Industry
September 3, 2014 | Francisco J. Monaldi
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Author(s)
Francisco J. Monaldi
Fellow in Latin American Energy Policy | Director, Latin America Energy ProgramWith the recent approval of Mexico's energy reform and the current enthusiasm of South American governments to attract foreign investment in oil, one might be tempted to conclude that the tide of resource nationalism is receding in the region. Nevertheless, the cycles of investment and expropriation that have characterized the oil sector in Latin America are unlikely to go away.