Local Content Policies in Resource-rich Countries

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This book analyses the role of local content (LC) policy in the economic development of five resource-rich countries: Brazil, Kazakhstan, Norway, Russia and the UK. The authors situate LC policy within a framework of sustainability in the form of industrial diversification and innovation-led growth, and examine how effective LC policies are in facilitating sectoral and economy-wide catching up. Structured in five chapters, the book begins with an introduction and then presents an overview of LC definitions and situates LC policies within a framework of economic development. The third chapter compares specific examples of LC development and highlights variations in practice as well as learning across case countries. The fourth chapter focuses on macro-economic, micro-economic and institutional challenges conditioning LC development and the ability of LC policies to assist innovation-led growth. The authors conclude by examining what the future holds for LC policies and their role in promoting economic growth and addressing the wider social, political and economic challenges in resource-rich countries.
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About the author

Yelena Kalyuzhnova is Founder and Director of the Centre for Euro-Asian Studies, and is currently serving as Vice Dean of Henley Business School at the University of Reading, UK.
Christian A. Nygaard is an Associate Professor in Social Economics and Director for the International Centre for Housing and Urban Economics at the University of Reading, UK.
Yerengaip Omarov is Rector of Kainar University, Almaty, Kazakhstan, and an academician of the Russian Academy of Natural Sciences, Russia.
Abdizhapar Saparbayev is Head of Economics at Kainar University, Almaty, Kazakhstan.
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Additional Information

Publisher
Springer
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Published on
Sep 26, 2016
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Pages
235
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ISBN
9781137447869
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Language
English
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Genres
Business & Economics / Economics / General
Business & Economics / Environmental Economics
Business & Economics / General
Political Science / Public Policy / Economic Policy
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Content Protection
This content is DRM protected.
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An introduction to the concepts and tools of natural resource economics, including dynamic models, market failures, and institutional remedies.

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Kazakhstan is rich in natural resources including coal, oil, natural gas and uranium and has significant renewable potential from wind, solar, hydro and biomass. In spite of this, the country is currently dependent upon fossil fuels with coal-fired plants accounting for 75% of total power generation leading to concerns over greenhouse gas emissions and impacts on human health and the environment.

This book analyses the implications of the global shift to cleaner energy for a country whose economy has centred on hydrocarbon exports. The challenge is urgent for Kazakhstan, whose recent economic growth has driven increased demand for energy services, making the construction of additional generating capacity increasingly necessary for enabling sustained growth. In this context, renewable energy resources are becoming an increasingly attractive option to help bridge the demand-supply gap. Chapters written by experts in the field provide a comprehensive review of the current energy situation in Kazakhstan including fossil energy and renewable resources and analyses policy drivers for the energy sector. Emphasising that clean energy covers a variety of renewables, as well as cleaner use of hydrocarbons, this book argues that future technological change will affect the relative attractiveness of the various choices.

Recognising technical, geographical and domestic and international political constraints on policymakers’ options, this book will be of interest to an interdisciplinary audience in the fields of resource management and clean energy, development economics and Central Asian Studies.

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