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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.
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