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

A magic formula for economic development? Global market integration and spatial polarization in... 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. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Area Development and Policy Taylor & Francis

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

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

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...
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Publisher
Taylor & Francis
Copyright
© 2020 Regional Studies Association
ISSN
2379-2957
eISSN
2379-2949
DOI
10.1080/23792949.2020.1823237
Publisher site
See Article on Publisher Site

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.

Journal

Area Development and Policy – Taylor & Francis

Published: Jul 3, 2021

Keywords: extractive industry; gateway; global production network; regional development; spatial polarization; 采掘业;门户;全球生产网络;区域发展;空间极化; industria de extracción; vía de acceso; red de producción global; desarrollo regional; polarización espacial; добывающая промышленность; ворота; глобальная производственная сеть; региональное развитие; пространственная поляризация

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