Developing Local Content Policy in Pursuit of Sustainable Development Goals
The Sustainable Development Goals (SDGs) constitute a set of ambitious steps adopted to transform our world. They comprehensively outline action plans for social inclusion, environmental sustainability, and economic development. Achieving the SDGs by 2030 requires an unusual combination of action an...
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
MGIMO University Press
2022-11-01
|
| Series: | Vestnik MGIMO-Universiteta |
| Subjects: | |
| Online Access: | https://www.vestnik.mgimo.ru/jour/article/view/3229 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832579361685897216 |
|---|---|
| author | Aaron Yaw Ahali |
| author_facet | Aaron Yaw Ahali |
| author_sort | Aaron Yaw Ahali |
| collection | DOAJ |
| description | The Sustainable Development Goals (SDGs) constitute a set of ambitious steps adopted to transform our world. They comprehensively outline action plans for social inclusion, environmental sustainability, and economic development. Achieving the SDGs by 2030 requires an unusual combination of action and partnership between various governmental and non-governmental organizations, development partners, the private sector, and civil society. While decision-makers are responsible for prioritizing and implementing strategies to ensure the various strategies embedded in the SDGs come to fruition, the private sector and civil society also play leading roles in implementing national plans. Local content policies (LCPs) are strategic policy frameworks focusing on diversification and technologically-led transformation in resourcerich economies. They are generally expressed through laws compelling stakeholders to procure services, create jobs within the host nation, and transfer technology. This paper stipulates that LCPs must be linked to the SDGs as this will help resource-rich countries fully benefit from their natural resources. |
| format | Article |
| id | doaj-art-c0381c3e5530416fbff9459908302d6f |
| institution | Kabale University |
| issn | 2071-8160 2541-9099 |
| language | English |
| publishDate | 2022-11-01 |
| publisher | MGIMO University Press |
| record_format | Article |
| series | Vestnik MGIMO-Universiteta |
| spelling | doaj-art-c0381c3e5530416fbff9459908302d6f2025-01-30T12:16:17ZengMGIMO University PressVestnik MGIMO-Universiteta2071-81602541-90992022-11-01155647810.24833/2071-8160-2022-5-86-64-782491Developing Local Content Policy in Pursuit of Sustainable Development GoalsAaron Yaw Ahali0Henley Business School, University of ReadingThe Sustainable Development Goals (SDGs) constitute a set of ambitious steps adopted to transform our world. They comprehensively outline action plans for social inclusion, environmental sustainability, and economic development. Achieving the SDGs by 2030 requires an unusual combination of action and partnership between various governmental and non-governmental organizations, development partners, the private sector, and civil society. While decision-makers are responsible for prioritizing and implementing strategies to ensure the various strategies embedded in the SDGs come to fruition, the private sector and civil society also play leading roles in implementing national plans. Local content policies (LCPs) are strategic policy frameworks focusing on diversification and technologically-led transformation in resourcerich economies. They are generally expressed through laws compelling stakeholders to procure services, create jobs within the host nation, and transfer technology. This paper stipulates that LCPs must be linked to the SDGs as this will help resource-rich countries fully benefit from their natural resources.https://www.vestnik.mgimo.ru/jour/article/view/3229local content policiessustainable development goalsoil and gas development |
| spellingShingle | Aaron Yaw Ahali Developing Local Content Policy in Pursuit of Sustainable Development Goals Vestnik MGIMO-Universiteta local content policies sustainable development goals oil and gas development |
| title | Developing Local Content Policy in Pursuit of Sustainable Development Goals |
| title_full | Developing Local Content Policy in Pursuit of Sustainable Development Goals |
| title_fullStr | Developing Local Content Policy in Pursuit of Sustainable Development Goals |
| title_full_unstemmed | Developing Local Content Policy in Pursuit of Sustainable Development Goals |
| title_short | Developing Local Content Policy in Pursuit of Sustainable Development Goals |
| title_sort | developing local content policy in pursuit of sustainable development goals |
| topic | local content policies sustainable development goals oil and gas development |
| url | https://www.vestnik.mgimo.ru/jour/article/view/3229 |
| work_keys_str_mv | AT aaronyawahali developinglocalcontentpolicyinpursuitofsustainabledevelopmentgoals |