Introduction
Today I provide my penultimate presentation on “lessons to be learned from global experiences with local content requirements (LCRs) for the oil and gas sector”. Following last week’s presentation on UNCTAD’s Main Findings, today’s column presents the Main Findings of the 2013 World Bank study of the topic. That study concludes: “While local content policies have the potential to stimulate broad-based economic development their application in petroleum-rich countries [has] achieved modest results”. The study sought to
