The flipside to the country’s industrial policy approach of supporting foreign-funded mega-projects is that it has failed to address more fundamental constraints to developing the domestic private sector, especially in relation to non-extractive natural resources and the (agro-)processing of these resources in-country. The success in attracting foreign investors to pursue mega-projects has not been matched with equal success in transforming the domestic economy: for many citizens living conditions have hardly improved.
![typing master pro speed increazing by videsh typing master pro speed increazing by videsh](https://i.ytimg.com/vi/ewO0kwTHW88/maxresdefault.jpg)
2 According to the 2016 African Economic Outlook, 99 per cent of all Mozambican enterprises are either run by individual entrepreneurs or comprise micro-enterprises with fewer than five employees (AfDB et al. At the same time, the country is known for its foreign-funded mega-projects exporting natural resources existing next to a very small formal private sector dominated by micro, small, and medium enterprises (MSMEs).
#Typing master pro speed increazing by videsh manual#
Previous UNU-WIDER studies have underlined that most Mozambicans continue to survive on rural subsistence livelihoods ‘working in agriculture, livestock,įorestry and fisheries, applying traditional manual and low-productivity technology’ (Cruz and Mafambissa 2016: 1). 1 Improving the lives of ordinary Mozambicans will require much more than a booming natural resources sector. Looking at the policy environment, this chapter argues that the prospects for ‘local content’ to provide the link between the extractive industries and the economic diversification of the local economy are extremely challenging. ( 2015: 10) suggest that ‘the offshore gas industry offers Mozambique a unique opportunity to build up the country’s industrial capability by integrating local companies into the supply chain of the multinational firms’. There are considerable expectations that the extractives sector will contribute to economic and social development by means of procuring locally produced goods and services and hiring Mozambicans. In addition, miners have invested in exploiting the country’s hydropower capacity to produce aluminium from imported feedstock, as well as producing the country’s coal and other mineral resources. South African energy company Sasol has been producing and exporting natural gas from the onshore Pande and Temane fields in the Mozambique Basin from around 2004 (ILPI 2013). However, prior to these successes, the country’s extractive resources sector had already taken off, triggered by the liberalization of the country’s economy in the late 1990s and the entry of regional energy players in the onshore oil and gas (O&G) sector. Mozambique has captured the attention of the international energy community because of the significant exploration successes achieved since 2010 in the offshore Rovuma Basin located along the country’s northern coastline. Keywords: Mozambique, mining, natural gas, economic diversification, social development, local content, extractive industries, private sector The country needs institutional changes that support broader and rural-focused private sector development. Looking at the policy environment, this chapter argues that the prospects are extremely challenging for ‘local content’ to provide the link between the extractive industries and the economic diversification of the local economy. A key factor to achieve this is building domestic capital-in people, institutions, and infrastructure. It is expected that these industries will contribute to economic diversification and social development, not least by means of procuring locally produced goods and services and hiring Mozambicans. These have increased the country’s extractive resource endowments, in addition to its mining and onshore natural gas sector. In recent years, Mozambique has made international headlines for the significant hydrocarbon deposits found offshore. 19 Local Content in Zambia-a Faltering Experience?.17 The Boom–Bust Cycle of Global Copper Prices, Structural Change, and Industrial Development in Zambia.15 Construction and Public Procurement in Uganda.
![typing master pro speed increazing by videsh typing master pro speed increazing by videsh](http://www.rapidtyping.com/img/screenshots/ver-3/release-notes/typing-tutor-3-2-7-wpm.jpg)