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Why was nationalization linked with resource sovereignty in postcolonial economic policy?

Answer and explanation

Correct answer: Because the aim was to increase state control over strategic industries and resources

The direct answer is A: nationalization was linked with resource sovereignty because the new state wanted control over strategic industries and important resources. After colonial rule, many countries feared that foreign firms could continue controlling mines, energy, transport, or major industries. Nationalization transferred ownership or decisive control to the state. This could support economic planning, public revenue, and greater independence in making national decisions. A is correct because it explains state control of strategic sectors. B is wrong because nationalization is directly connected with ownership and control of resources. C is wrong because giving complete control to foreign companies is the opposite of nationalization. D is wrong because nationalization does not mean ending industry; it changes who controls it. Exam cue: nationalization means public or state control, not destruction of production.

Related tags

NationalizationResource-SovereigntyEconomic-Policy

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