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The potential of extractive industries as anchor investments for broader regional development

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  • Olle Östensson

Abstract

The paper reviews what we know about the possibilities of designing and implementing policy measures that raise the contribution of the extractive industries' production/consumption links to economic growth and wellbeing, and reviews how policies pursued by various governments have succeeded. It describes policies used in four areas: local content, employment, downstream processing, and infrastructure, and finds that the policies used have mostly not lived up to expectations. Finally, the outline of a broader, more coordinated approach is sketched out.

Suggested Citation

  • Olle Östensson, 2020. "The potential of extractive industries as anchor investments for broader regional development," WIDER Working Paper Series wp-2020-87, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2020-87
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2020-87.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Downstream processing; Extractive industries; Infrastructure; Local content;
    All these keywords.

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