INTERNATIONAL JOURNAL OF INNOVATION AND ECONOMIC DEVELOPMENT

In the year 2020, the outbreak of COVID-19 brought severe economic and societal consequences negatively impacting global flows. As well as imposing drastic stress on people, the COVID-19 crisis also disturbed the sustainable growth for the wellbeing of businesses and national economies.

INTERNATIONAL JOURNAL OF INNOVATION AND ECONOMIC DEVELOPMENT

One of the factors that determine the extent of positive impact of natural resource extraction is the level of local content (LC) in the industry. The World Trade Organization (WTO, 2011) defines local content requirements, synonymously referred to as domestic content requirements as a “requirement that the investor purchase a certain amount of local materials for incorporation in the investor’s product”.

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