Downstream processing in developing countries: Opportunity or mirage?

James Bond

No 104, Columbia FDI Perspectives from Columbia University, Columbia Center on Sustainable Investment (CCSI)

Abstract: Downstream processing of oil, gas and minerals does not contribute nearly as much to the local economy as many leaders of resource-rich countries believe. A better strategy than promoting foreign investment in downstream processing is to nurture clusters of resource-related firms by creating a business-friendly investment environment and investing in targeted infrastructure.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:colfdi:104

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