Local Content and the Prospects for Economic Diversification in Mozambique

2020 ◽  
pp. 209-231
Author(s):  
Evelyn Dietsche ◽  
Maria Esteves
Keyword(s):  
Social Development ◽  
Local Economy ◽  
Institutional Changes ◽  
Economic Diversification ◽  
Local Content ◽  
Private Sector Development ◽  
Goods And Services ◽  
Domestic Capital ◽  
Key Factor ◽  
Hydrocarbon Deposits

In recent years, Mozambique has made international headlines for the significant hydrocarbon deposits found offshore. These have increased the country’s extractive resource endowments, in addition to its mining and onshore natural gas sector. It is expected that these industries will contribute to economic diversification and social development, not least by means of procuring locally produced goods and services and hiring Mozambicans. A key factor to achieve this is building domestic capital—in people, institutions, and infrastructure. Looking at the policy environment, this chapter argues that the prospects are extremely challenging for ‘local content’ to provide the link between the extractive industries and the economic diversification of the local economy. The country needs institutional changes that support broader and rural-focused private sector development.

Scales and Dynamics in Outsourcing

2011 ◽  
pp. 1399-1406
Author(s):  
Iva Miranda Pires ◽  
Torunn Kvinge
Keyword(s):  
Eastern Europe ◽  
Information And Communication Technologies ◽  
Great Degree ◽  
Communication Technologies ◽  
Offshore Outsourcing ◽  
Institutional Changes ◽  
Skilled Labor ◽  
New Markets ◽  
Goods And Services ◽  
Information And Communication

Outsourcing is used to describe the situation where a firm decides to subcontract assembly and/or service functions to an external supplier, either locally or abroad. When activities are subcontracted abroad, the term offshore outsourcing often applies. While offshore assembling activities have taken place for some time, the phenomenon of outsourcing services abroad is quite new. Several factors have contributed to these altered circumstances. First, the development of information and communication technologies (ICT) implies that services can, to a great degree, also be located at arm’s length or elsewhere in the flat world (Friedman, 2005). Second, institutional changes have opened access to new markets for goods and services as well as skilled labor, for instance in Eastern Europe and China. Third, the increased competition through globalization pushes firms to adapt quickly to new contexts and to achieve efficiency in order to maintain competitiveness.

Local Content

2020 ◽  
pp. 282-303
Author(s):  
Mia Ellis ◽  
Margaret McMillan
Keyword(s):  
Local Development ◽  
Local Economy ◽  
Foreign Firms ◽  
Resource Extraction ◽  
Mining Sector ◽  
Quantitative Evidence ◽  
Local Content ◽  
Natural Resource Extraction ◽  
Set Up ◽  
Existing Data

Tanzania is rich with natural resources, which have significant potential to contribute to the country’s economic development. Several laws recently passed in Tanzania are dedicated to establishing linkages between foreign firms in natural resource extraction and the local economy. This chapter documents this legislation and the institutions set up to enforce and monitor these laws. Effectiveness of local content legislation and the potential for firms in the mining sector to contribute to local development are then evaluated using a combination of qualitative and quantitative evidence. The chapter next uses existing data to explore trends in local content and the estimate the value of local content in the mining sector; this exercise highlights the need for improved data. We then examine other developing countries’ experiences with local content legislation, drawing lessons for Tanzania.

scholarly journals An Area Economic Development Impact Model for Extension Application

1978 ◽  
Vol 10 (1) ◽  
pp. 89-93 ◽  
Author(s):  
James R. Nelson
Keyword(s):  
Economic Development ◽  
Manufacturing Firms ◽  
Local Economy ◽  
Service Firms ◽  
Economic Base ◽  
Impact Model ◽  
Goods And Services ◽  
Transportation Finance ◽  
Impact Models ◽  
Local Firms

Most area economic development impact models are based on the premise that the basis of an area economy is a group of local firms which produce goods and services for sale outside the area. Agriculture, mining, and manufacturing firms typically make up a large part of such a group of exporting or basic firms. However, in most communities and some larger areas, many service firms (wholesale, retail, transportation, finance, medical, utilities) sell some of their products outside the local economy. These exports are part of the area's economic base. That portion of the output of the firms in an area which goes to satisfy local demands is nonbasic output. Area employment used to produce basic and nonbasic goods and services can be classified similarly as basic and nonbasic employment, respectively.

The Impact of International Joint Venture on Local Economy: A Case Study of Hero Honda

2015 ◽  
Vol 4 (1) ◽  
pp. 14-26 ◽  
Author(s):  
Aritra Saha ◽  
Utpal Chattopadhyay
Keyword(s):  
Joint Venture ◽  
Conflicts Of Interest ◽  
Core Competencies ◽  
Local Economy ◽  
International Joint Ventures ◽  
Production Volume ◽  
International Joint ◽  
Key Factor ◽  
Two Wheeler ◽  
The Impact

The Indian two-wheeler industry has undergone a long journey since its humble beginning in the late 1940s. During these eventful years, it has experienced great advancements in technology, tremendous increments in production volume and opening up of the market for global trade. India has now emerged as a global leader in two-wheeler production and trade. A key factor behind the creditable progress of this industry has been the operation of several international joint ventures (IJVs) such as Kawasaki Bajaj, TVS Suzuki, Kinetic Honda and Hero Honda. Of all IJVs, the partnership between Hero and Honda has been the longest and perhaps the most remarkable too. This article gives a brief overview of the Indian two-wheeler industry and presents a glimpse of the IJVs therein. It analyzes the impact of Hero Honda case, in detail, to showcase how a local manufacturer can team up with a global player and still achieve a synergy between their core competencies for enhancing efficiency, productivity and quality. The article narrates the transition from interfirm competition to cooperation and aims at finding out how management innovations by both the partners can help reduce conflicts of interest, avoid cannibalization of the products of individual firms and derive mutual benefits by aligning their individual targets to a common goal of market success.

scholarly journals Digital transformation of social sector as the factor of development and security of the country

2019 ◽  
Vol 135 ◽  
pp. 03075
Author(s):  
Elena Voskresenskaya ◽  
Lybov Vorona-Slivinskaya ◽  
Sergey Panov
Keyword(s):  
Social Development ◽  
Integrated Circuit ◽  
Digital Transformation ◽  
Smart Contracts ◽  
Technological Equipment ◽  
Social Sector ◽  
Economic Progress ◽  
Current State ◽  
Digital Resource ◽  
Key Factor

The present research is aimed at investigating the current state of digital transformation of governance, economy and social sector. Basic attributes of digitalization of governance, economy and social sector are studied, particularly the mechanism of transformation of significant part of economic cooperation into information and telecommunication space; active introduction and application of e-money and smart contracts into civil transactions; development of e-governance. Problems of digital sector inevitably affect the compatibility of the economy under the current conditions, since lag in receiving and processing of relevant data and inability to use digital resource result in the loss of preceding market position. In terms of asymmetry of international trade, digital dependence of one particular country on another entails the increase in economic progress gap between these countries. If a country does not possesses these developments or has lost any of technological solutions, then nothing new can be worked out, so the next step is impossible. This is the reason why the state of digital sector, particularly its hardware base, special technological equipment that provides the necessary parameters for an integrated circuit, is the key factor for the prospects of social development.

scholarly journals Linkages creation and economic diversification: The case of Muslim countries

2018 ◽  
Vol 56 ◽  
pp. 01001
Author(s):  
Amer Al-Roubaie
Keyword(s):  
Knowledge Creation ◽  
Global Markets ◽  
Budget Deficits ◽  
Economic Diversification ◽  
Goods And Services ◽  
Muslim Countries ◽  
High Dependency ◽  
Sectoral Productivity ◽  
Productive System ◽  
High Degree

Economic diversification increases the ability of the economy to produce goods and services. In developing countries, including oil producers, high degree of dependence on limited number of commodities for exports could make the economy vulnerable to changes in global markets. Recent decline in oil prices has been responsible for budget deficits, inflation, unemployment, currency devaluation and financial instability. Economic diversification balances development by reducing the risk of high degree of trade concentration. This paper highlights the importance of economic diversification for promoting development in Muslim countries. Restructuring the productive system through knowledge creation, innovation and industrialization allows the economy to generate linkages and stimulates sectoral productivity. The paper examines the causes and consequences of high dependency on trade. Muslim countries must initiate policies to increase cooperation, invest in human capital, attract FDI and increase integration in the digital economy.

scholarly journals EU LEGAL SYSTEM AND CLAUSULA REBUS SIC STANTIBUS

2021 ◽  
Author(s):  
Zvonimir Lauc ◽  
Marijana Majnarić
Keyword(s):  
Social Development ◽  
Legal System ◽  
Regulatory System ◽  
Efficient System ◽  
Goods And Services ◽  
The Future ◽  
The Law ◽  
Highly Correlated ◽  
Teleological Interpretation ◽  
Future Of Education

We are witnesses and participants of Copernican changes in the world which result in major crises/challenges (economic, political, social, climate, demographic, migratory, MORAL) that significantly change “normal” circumstances. The law, as a large regulatory system, must find answers to these challenges. Primarily, these circumstances relate to (i) the pandemic - Corona 19, which requires ensuring economic development with a significant encroachment on human freedoms and rights; (ii) globalization, which fundamentally changes the concept of liberal capitalism as the most efficient system of production of goods and services and democracy as a desirable form of government; (iii) automation, robotics, artificial intelligence, and big data are changing the ways we work, live, communicate, and learn in a Copernican manner. The law should serve to shape the relationship between people in order to realize a life of love and freedom. This is done to the greatest extent through the constitutional engineering of selected institutions. The legal system focuses on institutions that have a raison d'etre in their mission, which is read as “ratio legis”, as a desirable normative and real action in the range of causal and teleological aspect. Crisis situations narrow social cohesion and weaken trust in institutions. It is imperative to seek constitutional engineering that finds a way out in autopoietic institutions in allopoietic environment. We believe that the most current definition of law is that = law is the negation of the negation of morality. It follows that morality is the most important category of social development. Legitimacy, and then legality, relies on morality. In other words, the rules of conduct must be highly correlated with morality - legitimacy - legality. What is legal follows the rules, what is lawful follows the moral substance and ethical permissibility. Therefore, only a fair and intelligent mastery of a highly professional and ethical teleological interpretation of law is a conditio sine qua non for overcoming current anomalies of social development. The juridical code of legal and illegal is a transformation of moral, legitimate and legal into YES, and immoral, illegitimate and illegal into NO. The future of education aims to generate a program for global action and a discussion on learning and knowledge for the future of humanity and the planet in a world of increasing complexity, uncertainty and insecurity.

scholarly journals Muslim Youths and Societal Development: The Case of Nasarawa State

2018 ◽  
Vol 3 (1) ◽  
pp. 37
Author(s):  
Muhammad Maga Sule
Keyword(s):  
Social Development ◽  
Labor Force ◽  
Growth And Development ◽  
The State ◽  
The Other ◽  
Developmental Processes ◽  
Goods And Services ◽  
Societal Development

A linkage between Muslim youths and societal development is obvious and enduring since the time of the first Prophet on earth, Adam (A.S.). This interaction is connected symbiotically and, furthermore, one depends on the other for its sustenance. Therefore, the role of Muslim youths in the development of Nasarawa State cannot be ignored. The wheels of the development of a country rest on the shoulders of the youths. Consequently, the youths in Nasarawa State are the engine of the growth and development because they provide the labor force for the production of goods and services to take effect in the development of the state. Thus, the role of Muslim youths in the development of Nasarawa State is crucial for the entire developmental processes and aspirations of the whole society.  In addition, the productive youths are acknowledged as the cornerstone for societal rejuvenation. Keywords:Youth, Social Development, Nasawara State

scholarly journals Setting a price for carbon for implementing a carbon tax or a cap and trade system for controlling carbon dioxide emissions

2019 ◽  
Author(s):  
Wenfa Ng
Keyword(s):  
Carbon Dioxide ◽  
Environmental Economics ◽  
Carbon Dioxide Emissions ◽  
Carbon Tax ◽  
Local Economy ◽  
Cap And Trade ◽  
Trading System ◽  
Demand And Supply ◽  
Goods And Services ◽  
Supply Shock

Carbon tax and cap and trade are two main policy tools for market-based mechanisms aimed at curbing carbon dioxide emissions. But, their implementation requires a careful calibration of the price of carbon, on which a carbon tax is levied, or which helps price carbon credits in an emissions trading system. Hence, setting a price on carbon, tuned to the fundamentals of the local economy, is a profound question in environmental economics, important for benchmarking the price of many goods and services dependent on fossil fuel energy for material input or function. One approach to setting a price on carbon is to progressively increase the price of carbon through regulatory statute from an initial low price. This would help industries and the economy to gradually adapt to a marketplace where there is an additional regulatory price on carbon in addition to a material and services price. On the other hand, a one-off approach at setting the final price of carbon in the economy may deliver a severe demand and supply shock, which may have repercussions beyond businesses needing to factor the price of carbon in their economic calculus. Thus, whether a progressive price increase in carbon or setting the final price, pricing carbon is a delicate economic issue with significant implications for the functioning of an economy choosing either the carbon tax or cap and trade system for regulating carbon dioxide emissions.

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