Natural resource based growth, global value chains and domestic capabilities in the mining industry
Jorge Katz and
Carlo Pietrobelli ()
Resources Policy, 2018, vol. 58, issue C, 11-20
Received theory of production is not very useful if we try to understand what the ‘sources’ of growth are when we deal with natural resource-based sectors of economic activity. In these industries, a complex set of interactions and co-evolution prevails between firms producing the commodity and leading the value chain, subcontractors supplying them with machinery, equipment, services and process engineering knowhow, public sector agencies monitoring their environmental impact and local communities engaged in the exploitation of the resource. These agents interact on a daily basis giving rise to a complex set of ‘sector specific’ rules of governance which vary from country to country and from sector to sector.
Keywords: O13; O32; O43; Global Value Chains; Natural resources; Innovation and learning; Governance; Mining; Regulatory agencies; Local communities (search for similar items in EconPapers)
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