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.
The Kazakstan Economy deals with the last years of the planned economy in Kazakstan and goes on to explore the beginning of national sovereignty, the introduction of the new national currency and the first steps by the Kazakstani government on a course of reform. The author covers the most important elements of economic changes: privatization and industrial transformation. A view of the methods of reform in different sectors of the economy is also provided: the oil and gas industry, agrarian sector, banking system, foreign economic activity and military complex. The final analysis is upon the socio-economic implications of transition.
The Kazakstani Economy deals with the last years of the planned economy in Kazakstan and goes on to explore the beginning of national sovereignty, the introduction of the new national currency and the first steps by the Kazakstani government on a course of reform. The author covers the most important elements of economic changes: privatization and industrial transformation. A view of the methods of reform in different sectors of the economy is also provided: the oil and gas industry, agrarian sector, banking system, foreign economic activity and military complex. The final analysis is upon the socio-economic implications of transition.
Privatisation and Structural Change in Transition Economies brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies. The book does not dwell on the administrative or procedural aspects of privatisation. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatization programmes.
Privatisation and Structural Change in Transition Economies brings together specialists from different areas (governance, regulation, macro-econometrics, micro-econometrics, enterprise culture, foreign direct investment, technology transfer) to focus on the many different aspects of the privatization process in transition economies. The book does not dwell on the administrative or procedural aspects of privatisation. Instead it attempts to understand the bigger picture in terms of underlying policy environment and supporting legal and economic measures which helped to a large extent to determine the eventual success or failure of privatization programmes.
The Kazakstan Economy deals with the last years of the planned economy in Kazakstan and goes on to explore the beginning of national sovereignty, the introduction of the new national currency and the first steps by the Kazakstani government on a course of reform. The author covers the most important elements of economic changes: privatization and industrial transformation. A view of the methods of reform in different sectors of the economy is also provided: the oil and gas industry, agrarian sector, banking system, foreign economic activity and military complex. The final analysis is upon the socio-economic implications of transition.
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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