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oapen-20.500.12657-771772023-11-15T09:17:26Z Local Content Requirements Ing, Lili Yan Grossman, Gene M. Economics Industrial Policy International Trade Local Content Requirements Political Economy WTO bic Book Industry Communication::K Economics, finance, business & management::KC Economics bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCA Economic theory & philosophy bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFC Accounting::KFCP Public finance accounting 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. 2023-11-01T11:15:17Z 2023-11-01T11:15:17Z 2024 book ONIX_20231101_9781003806912_55 9781003806912 9781032542218 9781003415794 9781032542232 https://library.oapen.org/handle/20.500.12657/77177 eng Routledge-ERIA Studies in Development Economics application/pdf n/a 9781003806912.pdf Taylor & Francis Routledge 10.4324/9781003415794 10.4324/9781003415794 7b3c7b10-5b1e-40b3-860e-c6dd5197f0bb 9781003806912 9781032542218 9781003415794 9781032542232 Routledge 264 open access
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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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