Local Content Requirements
Promises and Pitfalls
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Local Content Requirements
Promises and Pitfalls
About this book
As anti-globalization and geopolitical tensions continue to rise, the use of local content requirements (LCRs) around the world has become more noticeable than ever before.
The reasons for adopting LCRs range from ensuring domestic supply availability, job creation, and increasing value added to safeguarding national security. Ing and Grossman examine country-specific as well as firm-product level exercises to explain how LCRs reduce fair competition, resulting in lower trade and productivity, which ultimately lowers world economic output and overall human welfare. Countries around the world are investigated with specific attention to the US, China, Indonesia, and resource-intensive countries, including mining-intensive ones. The book also presents product- and firm-level analyses, answering the question of why countries adopted LCRs and how LCRs actually affect the world economy.
This book is a useful resource that will interest policymakers, researchers, and advanced undergraduates interested in international trade, industrial policy, political economy, labour economics, and development economics.
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Information
Table of contents
- Cover
- Half Title
- Series
- Title
- Copyright
- Dedication
- Contents
- List of figures
- List of tables
- List of contributors
- Acknowledgements
- 1 Introduction
- 2 Localization measures: a global perspective
- 3 Local content policies in the mining sector
- 4 The unintended consequences of high regional content requirements
- 5 LCR Policies in China and their impacts on domestic value added in exports
- 6 Conformity of Indonesia’s LCRs with its trade and investment commitments
- 7 The effects of local content requirements on trade: the case of Indonesia
- 8 Quantifying the impacts of local content requirements: an analysis on Indonesia
- Index