A magic formula for economic development? Global market integration and spatial polarization in extractive industries

Scholvin, Soren, Breul, Moritz ORCID: 0000-0002-0322-0987 and Diez, Javier Revilla . A magic formula for economic development? Global market integration and spatial polarization in extractive industries. Area Dev. Policy. ABINGDON: ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD. ISSN 2379-2957

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DOI:10.1080/23792949.2020.1823237

Abstract

The World Bank, World Trade Organization and others promote integration into global markets as a certain path towards economic development. Some researchers share this optimism, arguing that development is the record of how one thing leads to another, once peripheral locations have plugged into global networks. Comparing resource peripheries in South America, Southeast Asia and Sub-Saharan Africa with regard to the upstream oil and gas sector, we call for a more nuanced assessment. Against the backdrop of 38 narrative, open-ended interviews, we show that there is spatial polarization between 'gateways' and peripheral sites in Southeast Asia. Argentinean and Ghanaian case studies reveal that local firms usually provide generic services, with little prospects of venturing into higher value-adding activities. We conclude that at least the oil and gas sector is not suitable for fulfilling very optimistic expectations on development.

Item Type:

Journal Article

Creators:

Creators	Email	ORCID	ORCID Put Code
Scholvin, Soren	UNSPECIFIED	UNSPECIFIED	UNSPECIFIED
Breul, Moritz	UNSPECIFIED	orcid.org/0000-0002-0322-0987	UNSPECIFIED
Diez, Javier Revilla	UNSPECIFIED	UNSPECIFIED	UNSPECIFIED