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This book analyses the role of local content (LC) policy in the economic development of five resource-rich countries: Brazil, Kazakhstan, Norway, Russia and the UK. The authors situate LC policy within a framework of sustainability in the form of industrial diversification and innovation-led growth, and examine how effective LC policies are in facilitating sectoral and economy-wide catching up. Structured in five chapters, the book begins with an introduction and then presents an overview of LC definitions and situates LC policies within a framework of economic development. The third chapter compares specific examples of LC development and highlights variations in practice as well as learning across case countries. The fourth chapter focuses on macro-economic, micro-economic and institutional challenges conditioning LC development and the ability of LC policies to assist innovation-led growth. The authors conclude by examining what the future holds for LC policies and their role in promoting economic growth and addressing the wider social, political and economic challenges in resource-rich countries.
List of contents
Introduction.- 1. Local Content: Concepts, Perspectives and Economy.- 2. Different Models of Local Content Implementation in the Oil and Gas Industry.- 3. Determinants of Local Content Policies and Drivers.- Conclusion.
About the author
Yelena Kalyuzhnova is Founder and Director of the Centre for Euro-Asian Studies, and is currently serving as Vice Dean of Henley Business School at the University of Reading, UK.
Christian A. Nygaard is an Associate Professor in Social Economics and Director for the International Centre for Housing and Urban Economics at the University of Reading, UK.
Yerengaip Omarov is Rector of Kainar University, Almaty, Kazakhstan, and an academician of the Russian Academy of Natural Sciences, Russia.
Abdizhapar Saparbayev is Head of Economics at Kainar University, Almaty, Kazakhstan.
Summary
This book analyses the role of local content (LC) policy in the economic development of five resource-rich countries: Brazil, Kazakhstan, Norway, Russia and the UK. Structured in five chapters, the book begins with an introduction and then presents an overview of LC definitions and situates LC policies within a framework of economic development.
