The potential of extractive industries as anchor investments for broader regional development

Olle Östensson

No wp-2020-87, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The paper reviews what we know about the possibilities of designing and implementing policy measures that raise the contribution of the extractive industries' production/consumption links to economic growth and wellbeing, and reviews how policies pursued by various governments have succeeded. It describes policies used in four areas: local content, employment, downstream processing, and infrastructure, and finds that the policies used have mostly not lived up to expectations. Finally, the outline of a broader, more coordinated approach is sketched out.

Keywords: Downstream processing; Extractive industries; Infrastructure; Local content (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-ene and nep-ure
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