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Local Content Requirements

2013-10-07 Business & Economics
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Release : 2013-10-07
Genre : Business & Economics
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Book Rating : 801/5 ( reviews)

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Book Synopsis Local Content Requirements by : Gary Clyde Hufbauer

Download or read book Local Content Requirements written by Gary Clyde Hufbauer . This book was released on 2013-10-07. Available in PDF, EPUB and Kindle. Book excerpt: In the wake of the Great Recession of 2008–09, economists feared that protectionist policies might sweep the world economy, echoing the wave of tariff escalations during the Great Depression of the 1930s. To some surprise, officials were more restrained and largely avoided traditional forms of protection (tariffs and quotas), leading some observers to underestimate the incidence of new protectionism. In fact, policymakers increasingly turned to more opaque behind-the-border nontariff barriers (NTBs). Using a combination of statistical analysis and case studies, the authors show that local content requirements (LCRs), a form of NTB, have become increasingly popular. How much was global trade actually reduced on account of LCRs? A conservative estimate might be $93 billion. Case studies featured cover the healthcare sector in Brazil, wind turbines in Canada, the automobile industry in China, solar cells and modules in India, oil and gas in Nigeria, and “Buy American” restrictions on government procurement in the United States.

Industrial Policy and the World Trade Organization

2018-11-08 Business & Economics
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Release : 2018-11-08
Genre : Business & Economics
Kind : eBook
Book Rating : 082/5 ( reviews)

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Book Synopsis Industrial Policy and the World Trade Organization by : Sherzod Shadikhodjaev

Download or read book Industrial Policy and the World Trade Organization written by Sherzod Shadikhodjaev. This book was released on 2018-11-08. Available in PDF, EPUB and Kindle. Book excerpt: Highlights what national governments should know to properly conduct their industrial policies under the multilateral trading system.

Local Content Policies in the Oil and Gas Sector

2013-07-22 Business & Economics
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Release : 2013-07-22
Genre : Business & Economics
Kind : eBook
Book Rating : 349/5 ( reviews)

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Book Synopsis Local Content Policies in the Oil and Gas Sector by : Silvana Tordo

Download or read book Local Content Policies in the Oil and Gas Sector written by Silvana Tordo. This book was released on 2013-07-22. Available in PDF, EPUB and Kindle. Book excerpt: A number of countries have recently discovered and are developing oil and gas reserves. Policy makers in such countries are anxious to obtain the greatest benefits for their economies from the extraction of these exhaustible resources by designing appropriate policies to achieve desired goals. One important theme of such policies is the so-called local content created by the sector—the extent to which the output of the extractive industry sector generates further benefits to the economy beyond the direct contribution of its value-added, through its links to other sectors. While local content policies have the potential to stimulate broad-based economic development, their application in petroleum-rich countries has achieved mixed results. This paper describes the policies and practices meant to foster the development of economic linkages from the petroleum sector, as adopted by a number of petroleum-producing countries both in and outside the Organisation for Economic Co-operation and Development. Examples of policy objectives, implementation tools, and reporting metrics are provided to derive lessons of wider applicability. The paper presents various conclusions for policy makers about the design of local content policies.

Local Content and Sustainable Development in Global Energy Markets

2021-03-04 Business & Economics
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Release : 2021-03-04
Genre : Business & Economics
Kind : eBook
Book Rating : 370/5 ( reviews)

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Book Synopsis Local Content and Sustainable Development in Global Energy Markets by : Damilola S. Olawuyi

Download or read book Local Content and Sustainable Development in Global Energy Markets written by Damilola S. Olawuyi. This book was released on 2021-03-04. Available in PDF, EPUB and Kindle. Book excerpt: Examines critical links between local content requirements and the application of sustainable development treaties in global energy markets.

Sovereign Wealth Funds, Local Content Policies and CSR

2021-01-25 Business & Economics
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Release : 2021-01-25
Genre : Business & Economics
Kind : eBook
Book Rating : 929/5 ( reviews)

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Book Synopsis Sovereign Wealth Funds, Local Content Policies and CSR by : Eduardo G. Pereira

Download or read book Sovereign Wealth Funds, Local Content Policies and CSR written by Eduardo G. Pereira. This book was released on 2021-01-25. Available in PDF, EPUB and Kindle. Book excerpt: This book explores three particular strategies in the extractives sector for creating shared wealth, increased labour opportunities and positive social, environmental and economic outcomes from corporate projects, namely: state wealth funds (SWF), local content policies (LCP) and corporate social responsibility (CSR) practices. Collectively, the chapters explore the associated experiences and challenges in different parts of the world with the view to inform equitable and sustainable development for the communities living adjacent to extractives sites and the wider society and environment. Examples of LCPs, SWFs and CSR practices from 12 jurisdictions with diverse experiences offer usefull insights. The book illuminates challenges and opportunities for sustainable development outcomes of the extractives sector. It reflects the need to take on board the lessons of these global experiences in order to improve outcomes for poverty reduction, inequality reduction and sustainable development.

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