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How the globalisation and financialisation of mining Majors affects linkage development with local engineering and technology suppliers in the Queensland resources industry

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  • Parker, Rachel
  • Cox, Stephen

Abstract

The development of linkages between multinational resource firms and their local upstream suppliers in engineering, technology and knowledge services is an opportunity for mining regions to avoid the resources curse and to satisfy sustainable industrial development goals. However, lead firms operate within the political-economic context of globalisation and financialisation, which affects their strategies and management practices and their contribution to the development of local supply chains in the resources sector. This paper explains how lead firms in the resources industry in Queensland, Australia are influenced by the agendas of global financial markets. These agendas drive metrics based procurement practices and a short-term focus in relations with local suppliers, which ultimately impedes the ability of supplier firms to penetrate global value chains and limits the broader economic development benefits of resource extraction.

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  • Parker, Rachel & Cox, Stephen, 2018. "How the globalisation and financialisation of mining Majors affects linkage development with local engineering and technology suppliers in the Queensland resources industry," Resources Policy, Elsevier, vol. 58(C), pages 125-130.
    • Handle: RePEc:eee:jrpoli:v:58:y:2018:i:c:p:125-130
    DOI: 10.1016/j.resourpol.2018.04.002
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    References listed on IDEAS

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    2. Mingkai Liu & Changxin Liu & Shouting Zhang & Baoyin Liu & Yi Sun & Xun Ge & Xinyu Wang & Hongyan Zhang, 2021. "Research on Industry Development Path Planning of Resource-Rich Regions in China from the Perspective of “Resources, Assets, Capital”," Sustainability, MDPI, vol. 13(7), pages 1-19, April.
    3. Atienza, Miguel & Fleming-Muñoz, David & Aroca, Patricio, 2021. "Territorial development and mining. Insights and challenges from the Chilean case," Resources Policy, Elsevier, vol. 70(C).
    4. Manjengwa, Evelyn Ruvimbo & Dorfling, Christie & Tadie, Margreth, 2023. "Development of a conceptual framework to evaluate factors that affect drivers for stakeholder engagement in mine waste management," Resources Policy, Elsevier, vol. 81(C).
    5. Atienza, Miguel & Modrego, Félix, 2019. "The spatially asymmetric evolution of mining services suppliers during the expansion and contraction phases of the copper super-cycle in Chile," Resources Policy, Elsevier, vol. 61(C), pages 77-87.
    6. Gruenhagen, Jan Henrik & Parker, Rachel, 2020. "Factors driving or impeding the diffusion and adoption of innovation in mining: A systematic review of the literature," Resources Policy, Elsevier, vol. 65(C).
    7. Andersson, Magnus & Ljunggren Söderman, Maria & Sandén, Björn A., 2019. "Challenges of recycling multiple scarce metals: The case of Swedish ELV and WEEE recycling," Resources Policy, Elsevier, vol. 63(C), pages 1-1.

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