Containing the Resource Crisis

Jul 14, 2014 | Project Syndicate
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The proclamation of a new Cold War, following Russia’s annexation of Crimea, turned out to be alarmist and premature. However, it reflected the anxiety of today’s decision-makers in the face of a crumbling global order. With emerging economies far from committed to established norms in international relations, many governments and multinational companies are feeling vulnerable about relying on others for vital resources – the European Union’s dependence on Russian gas being a case in point.