Nationalization of copper

Nationalization of copper refers to the process where a government takes control of copper mines and production, previously owned by private companies. This move often aims to ensure that the nation's natural resources benefit its citizens, increase government revenues, and promote economic development. It can lead to better management of resources but may also face criticism regarding efficiency and investment. Historically, countries like Chile nationalized their copper industry to assert economic independence and redistribute wealth, highlighting both the potential benefits and challenges of such policies in balancing national interests with global economic dynamics.