Region: Global
Country: Global / Non-Specific
Keywords: Legal Framework, Private Sector, Local content
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In the document the Organization for Economic Co-operation and Development (OECD) notes the effects of local content policies on the economy and industrial competitiveness in general. The OECD explains the decrease on international trade as a result of this type of policies; the surge of costs in domestic market targeted by the policy; and finally the Organization considers that “economy-wide, horizontal policies provide the best possible environment for the economy to expand along areas of comparative advantage, while allowing for development of new growth areas.” See also Emerging Policy Issues. Localization Barriers to Trade , also by the OECD.
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Updated: August 25, 2020