Latin America: energy and commodity base for international business
Abstract
International business has traditionally shown keen interest in the use of mineral resources of Latin American states. At the moment, the interest of energy, mining, and trading corporations in the natural resources of the region is close to its peak, since Latin American states, with their geological reserves are able to ensure the stable operation of both established and emerging high-tech production facilities. In particular, apart from meeting the needs of developed countries for hydrocarbon energy, we also imply ensuring the transition of entire sectors of the world economy to a new technological level. For instance, the transition of the automotive industry from internal combustion engines to electric vehicles, which is impossible without the growing use of copper and lithium, where Latin America is a key supplier. Many facts indicate that the production and export of various types of mineral resources, a natural competitive edge of the region, will play an increasingly important role in the economic performance of Latin American states in the foreseeable future.
About the Author
P. P. Yakovlev
Institute of Latin America RAS; Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Petr P. Yakovlev – Doctor of Economics, Chief Researcher; Professor at the Department of International Business
115035, Moscow, 21/6 B. Ordynka st.
115054, Moscow, 36 Stremyanny lane
Scopus Author ID: 57192271700
Researcher ID (WoS): S-4487-2017
RSCI Author ID: 252281
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Review
For citations:
Yakovlev P.P. Latin America: energy and commodity base for international business. International Business. 2023;(4 (6)):14-30.
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