How is the race for resources changing the global order?
Michael T. Klare is the Five College Professor of Peace and World Security Studies (a joint appointment at Amherst College, Hampshire College, Mount Holyoke College, Smith College, and the University of Massachusetts at Amherst), and Director of the Five College Program in Peace and World Security Studies (PAWSS), a position he has held since 1985. Before assuming his present post, he served as Director of the Program on Militarism and Disarmament at the Institute for Policy Studies in Washington, D.C. (1977-84).
Professor Klare has written widely on U.S. defense policy, the arms trade, and world security affairs. He is the author of Blood and Oil: The Dangers and Consequences of America’s Growing Dependency on Imported Petroleum (Metropolitan Books, 2004), along with many other books. He is also the defense correspondent of The Nation, a Contributing Editor of Current History, and has contrbuted to numerous publications.
Michael Klare serves on the board of directors of the Arms Control Association, and the advisory board of the Arms Division of Human Rights Watch; he is also a member of the Committee on International Security Studies of the American Academy of Arts and Sciences.
Question: How is the race for resources changing the global order?
Michael Klare: That is the very important question to consider. I think that we all understand just how important resources are, especially at a time like now, when the price of oil is rising, so we are all made aware of this on a daily basis and I think we have come to appreciate the importance of having an adequate supply of resources. Two things are happening right now that makes this more significant and those two things are that the competition for resource s are intensifying. It is an intensifying, because we have this sudden emergence of powerful new economic competitors, namely China, but also India, Brazil, Mexico and other developing countries with a ravenous need for resources to supply their economic growth, now in one hand, so that is a striking new development and on the other hand we are beginning to see a - I won’t say a disappearance of vital resources, but are slackening in the ability of the earth to supply us with more, that is where there is a sharp divide emerging between this ravenous new demand coming, the ability of the planet and resource producers to supply this expanding demand. Both of these things are happening at once. We experience in that in our lives in high prices. When you have a sharp increase in demand and a narrowing in this supply, prices go up. That's one way we know that this is happening.
Recorded on: 3/14/08
The demand is booming but the amount of available resources are shrinking rapidly.
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