Economic crisis and commodity downswings: Can local content policies provide a transformative solution for Africa?
The current commodity slowdown has once again laid to bare the structural weaknesses of a number of African resource-rich economies. But can this misfortune be turned around, and this time permanently if countries adapt their strategy by leveraging their resources to create more economic linkages? This article suggests that local content can be an efficient policy tool to make the difference. By Isabelle Ramdoo