Natural Resources, Global Markets, and Social Impact

How has the US–China trade war affected the growth of world economies? Why has Latin America, a region rich in natural resources, not been able to attain economic growth levels similar to those in Asia? What implications does a potential global water crisis pose to how nations interact with one another? How has the mix of traditional and renewable energy sources made an impact on the United States? Is it unethical to apply economic principles to natural resources?

This course examines these type of questions as it dives into the fundamentals of natural resources, their pivotal role in the development of OECD (Organization of Economic Co-operation and Development) and non-OECD economies, and the monetization impact from Wall Street to the end consumer on Main Street.

Through case study analyses of current events, students develop an understanding of global reserves and yields of natural resources, identify world consumers and producers – i.e. export (supply/origin) and import (demand/destination) hubs – along with transportation channels, and conduct deep dive analyses in group settings on the financial life of these resources and their contribution to the pace of global growth.

Complementary to these topics, participants debate the basis for responsible business procurement of natural resources – including those that are sustainable – and their effect in the global landscape.

Students gain an understanding of – and think critically about – various natural resources (agricultural, energy, mineral, and livestock) and the key challenges of international trade in an interconnected world. They also learn about the social impact of exploration and production of these raw materials. Topics explored include the relevance of geopolitical analysis, how shipping markets and freight rates/chartering are crucial to world trade, and the growing presence of private capital in shoring up global imbalances.