Different Models of Local Content Implementation in the Oil and Gas Industry

LC policies can be controversial. The authors’ distinction between market-creating, sustaining and efficiency LC policy provides a broad taxonomy of different articulations of LC policy, but at the implementation level national policies will frequently be a combination of each of these. In this chapter the emergence and articulation of LC policies in each of the case countries is examined. The cases illustrate the evolution of LC policies and learning over time. Several of the policies implemented by emerging economies today draw on policies developed by the North Sea countries in the 1970s and 1980s. However, the cases also illustrate important variations in the initial economic and social conditions that influence subsequent LC policy development.