Purpose – This paper aims to provide an updated review of policy literature and evidence on the development implications of extractive industries. Design/methodology/approach – It synthesizes the main lessons drawn from an extensive review of policy and academic literature on this topic. It...

Purpose – Trade and investment flows into less-advanced economies could bring about important technological spillovers that could boost firm-level productivity and bolster their long-term economic growth. However, learning by doing and various forms of innovation activities are typically...