In resource-rich countries, local content policies (LCPs) have been implemented but with mixed results. We argue here that once designed, these policies must be anchored in a policy package that assists companies comply with regulations as well as strengthens local capabilities. To illustrate how this can be achieved, we propose a taxonomy of LCPs with examples.
- l72 - Mining, Extraction, and Refining: Other Nonrenewable Resources
- o25 - Industrial Policy
- Industrial policy
- Local content policy
- Natural resources