Achieving local content in extractive industries of developing countries. A network approach
Purpose: To identify and analyse the actors and their interrelationships in realizing local content objectives in extractive industries of developing nations. Methodology: Content analysis of relevant research papers and reports within the oil and gas industry, extractive industries, local content and industrial networks published between 2000 and 2014. Findings: Develops a framework that integrates the literature on local content with industrial network theory. The framework classifies the various critical actors for achieving local content, proposing that achieving local content requires the development of business network links and a resource alignment among local companies and institutions, foreign companies and institutions, in addition to multinational oil companies.
Keywords- local content, oil and gas industry, developing economies, Africa, industrial network, industrial development