PART TWO. Provide historical details from the oral presentations to support your

Question

PART TWO. Provide historical details from the oral presentations to support your answers. Is and energy resources can prevent foreign capitalist enterprises 15, 16, & 17. State ownership of non-renewable minera from sucking all the profits out when resources are extracted. If managed well, the state-owned companies can r further extraction and encourage higher value added refining of the resources within the country. When world commodities rise, governments can tap the profits of the state-owned firms and reinvest in public education, health, and housing for the long run benefit of the population. When world prices fall, however, inefficient management and corruption of state owned enterprises are often exposed, and even the best managed state companies may have to make concessions to foreign capitalist enterprises, especially if the easiest to tap resources have been depleted. True or False, and Why? (In your answer critically compare the historical experiences of at least three from the following list of cases explored in the think-tank: Natural Gas-Bolivia, PDVSA- Venezuela Oil, PEMEX-Mexico Oil& Refining, CODELCo Copper in Chile.) prices of the

Explanation / Answer

The answer of the above question is true as when the world prices would rise the government could tap profit for the future benefits to save the economy of the country.

Yes, there is a easiest way to deplete the tap resources and from this it might help the economy growth of the country.

Different country uses different oil as example

Natural Gas for Bolivia

PDVSA for the Venuzula oil

Pemex for the Mexico oil

These all three produce important for their country to save the economy growth of it.

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