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Local Content Requirements on Hardback
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Local Content Requirements

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Description

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.

Author Biography:

Lili Yan Ing is a lead advisor (Southeast Asia Region) at the Economic Research Institute for ASEAN and East Asia (ERIA). She also serves as secretary general of the International Economic Association (IEA). Gene M. Grossman is the Jacob Viner Professor of International Economics in the Department of Economics and the School of Public and International Affairs at Princeton University.
Release date NZ
November 6th, 2023
Audience
  • Tertiary Education (US: College)
Contributors
  • Edited by Gene Grossman
  • Edited by Lili Yan Ing
Illustrations
66 Tables, black and white; 13 Line drawings, black and white; 3 Halftones, black and white; 16 Illustrations, black and white
Pages
250
ISBN-13
9781032542232
Product ID
37447372

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