Browsing: Local participation in extractive industries; Local participation in oil and gas industries

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”.