IKMAS SEMINAR SERIES NO.4/2016 Resource-led Industrial Development in the O&G Chain: Local Content Policies of Brazil and Malaysia in Comparative Perspective

THE INSTITUTE OF MALAYSIAN AND INTERNATIONAL STUDIES (IKMAS) UNIVERSITI KEBANGSAAN MALAYSIA  cordially invites you to;

IKMAS SEMINAR SERIES NO.4/2016

Title            :    Resource-led Industrial Development in the O&G Chain: Local Content 

                         Policies of Brazil and Malaysia in Comparative Perspective

Speaker     :     Mr. Renato Lima de Oliveira

                         Ph.D. candidate in Political Science at Massachusetts Institute of 

                         Technology (MIT)     

Date           :     15th April 2016 (Friday)

Time          :      10.00 am – 12.00 pm

Venue        :      IKMAS Seminar Room, Institute of Malaysian and International Studies 

                          (IKMAS)

ABSTRACT

Developmental economics traditionally viewed the production of commodities, and O&G in special, as an activity of limited potential for backward linkages, industrial development and innovation (Hirschman 1958, Prebisch 1950, Ross 2012). This view stands in stark contrast to the reality of the contemporary O&G industry which has a complex value chain, and is intensive in R&D and innovation, particularly as oil companies develop more challenging resources such as deep offshore. These resources also require more capital expenditures, resulting that the economic impact of the O&G industry in terms of direct investment is becoming more significant. This presentation will show that these factors, combined with government control of subsoil resources, has driven a push for active industrial policies in the sector through local content policies (LCP), which are determined by economic and political incentives. The talk will use evidence from Brazil and Malaysia – all upper middle income countries with strong presence of NOCs – to highlight the mechanisms used and challenges of developing a domestic competitive supply sector.

BIODATA

Renato Lima de Oliveira is a Ph.D. candidate in Political Science at MIT. He holds a B.A. in Journalism (UFPE, Brazil) and a M.A. in Latin American Studies (University of Illinois at Urbana-Champaign) and has previously worked as a business reporter in Brazil and as a consultant for the Mexican government in local content policies in the O&G industry. He is currently a visiting researcher at the Asia School of Business (ASB), in Kuala Lumpur. His research interests include the topics of development, natural resources management and accountability.

We look forward to your participation in this seminar. Confirmation of your attendance is greatly appreciated.  For further information please call 8921- 5839 or 8921-3782.