Geopolitics of Greed: Resource Competition and the Erosion of Global Cooperation and Responsibilities
Keywords:
Resource competition, geopolitics, critical minerals, vaccine nationalism, transboundary water, global cooperation, institutional erosionAbstract
The twenty-first century has witnessed intensifying global competition over vital resources like energy, water, food, and critical minerals- driven by strategic rivalry, economic nationalism, and technological transitions. This paper argues that a politics of narrow self-interest or “geopolitics of greed” increasingly shapes state behaviour, and that this resource competition erodes the foundations of global cooperation and shared responsibility. Drawing on realist and institutionalist perspectives, and illustrated with contemporary empirical cases (critical minerals and the energy transition, vaccine nationalism during COVID-19, transboundary water stress, and food-energy shocks), the paper analyses mechanisms by which resource competition transforms cooperation into contestation. It then examines the systemic costs of such dynamics- institutional erosion, inequitable outcomes, amplified crises, and fragmentation of global governance- and proposes policy pathways to restore cooperative capacity: diversifying supply chains, strengthening multilateral frameworks for common-pool resources, designing equitable crisis-sharing mechanisms, and fostering normative shifts toward responsible interdependence. The paper concludes that restoring durable cooperation will require both technical remedies and political will to re-embed responsibility in the governance of shared resources.
References
1. International Energy Agency (IEA). Critical Minerals Market Review 2023. Paris: IEA, 2023. https://www.iea.org/reports/critical-minerals-market-review-2023.
2. International Renewable Energy Agency (IRENA). Geopolitics of the Energy Transition: Critical Materials. Abu Dhabi: IRENA, 2023. https://www.irena.org/Digital-Report/Geopolitics-of-the-Energy-Transition-Critical-Materials.
3. Hafner, Marco, et al. COVID-19 and the Cost of Vaccine Nationalism. RAND Research Report. Santa Monica, CA: RAND Corporation, 2020. https://www.rand.org/pubs/research_reports/RRA769-1.html.
4. Riaz, Muhammad M. A. “Global Impact of Vaccine Nationalism during COVID-19.” Journal of Public Health Research (2021). https://pmc.ncbi.nlm.nih.gov/articles/PMC8714455/.
5. World Economic Forum. Energy Transition and Geopolitics: Are Critical Minerals the New Oil? Geneva: World Economic Forum, 2024. https://www3.weforum.org/docs/WEF_Energy_Transition_and_Geopolitics_2024.pdf.
6. Reuters. “Goldman Sachs Flags Risk of Disruption in Supply of Rare Earths, Key Minerals.” October 21, 2025. https://www.reuters.com/world/asia-pacific/goldman-sachs-flags-risk-disruption-supply-rare-earths-key-minerals-2025-10-21/.
7. LSE USAPP Blog. “The US–China Rare Earths Deal Shows the Importance of Critical Materials in a New Era of Strategic Interdependence.” October 31, 2025.
8. United Nations. Interactive Dialogue 4: Water for Cooperation. UN Conference Document A/CONF.240/2023/7, 2023. https://docs.un.org/en/A/CONF.240/2023/7.
9. The Guardian. “Global Surge of Water-Related Violence Led by Israeli Attacks on Palestinian Supplies — Report.” August 22, 2024. https://www.theguardian.com/world/article/2024/aug/22/israel-palestine-gaza-water.
10. Keohane, Robert O. After Hegemony: Cooperation and Discord in the World Political Economy. Princeton, NJ: Princeton University Press, 1984.
11. Mearsheimer, John J. The Tragedy of Great Power Politics. New York: W. W. Norton & Company, 2001.