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While Webb examines the progress of the first colonial bank in the Eastern Cape and Chapman the wider international context, most of the book focuses on capitalist enterprise in the 20th century and the way in which South African development has mirrored that in other capitalist economies.
This book examines five hundred years of South African economic history.
This volume contains two major papers prepared for the Bank of England's Tercentenary Symposium in June 1994. The first, by Forrest Capie, Charles Goodhart and Norbert Schnadt, provides an authoritative account of the evolution of central banking. It traces the development of both the monetary and financial stability concerns of central banks, and includes individual sections on the evolution and constitutional positions of 31 central banks from around the world. The second paper, by Stanley Fischer, explores the major policy dilemmas now facing central bankers: the extent to which there is a short-term trade-off between inflation and growth; the choice of inflation targets; and the choice of operating procedures. Important contributions by leading central bankers from around the world, and the related Per Jacobsen lecture by Alexander Lamfalussy, are also included in the volume.
The transition from chattel slavery to forced labour in Africa and the Caribbean during the nineteenth and early twentieth centuries has commanded increasing attention from scholars in recent years. The Wages of Slavery tackles this subject from a protoproletarian perspective, studies new labour regimes in Africa and the Caribbean, and discusses work practices before and after emancipation the nature of the working week, subsistence and surplus for slaves and free person, and labour negotiations and confrontations.
What did independence mean during the age of empires? How did independent governments balance different interests when they made policies about trade, money and access to foreign capital? Sovereignty without Power tells the story of Liberia, one of the few African countries to maintain independence through the colonial period. Established in 1822 as a colony for freed slaves from the United States, Liberia's history illustrates how the government's efforts to exercise its economic sovereignty and engage with the global economy shaped Liberia's economic and political development over the nineteenth and twentieth centuries. Drawing together a wide range of archival sources, Leigh A. Gardner presents the first quantitative estimates of Liberian's economic performance and uses these to compare it to its colonized neighbors and other independent countries. Liberia's history anticipated challenges still faced by developing countries today, and offers a new perspective on the role of power and power relationships in shaping Africa's economic history.
The classic reference work that provides annually updated information on the countries of the world.
Based on new documentary sources, this history of diamond mining in Kimberley is a major study of South Africa's mineral revolution and the formation of De Beers Consolidated Mines, one of the most successful African mining companies.
In Globalization and the Colonial Origins of the Great Divergence Pim de Zwart examines the Dutch East India Company’s intercontinental trade and its effects on living standards in various regions on the edges of the Indian Ocean in the seventeenth and eighteenth centuries. Contrary to conventional views, De Zwart finds significant evidence of the integration of global commodity markets, an important dimension of globalization, before the 1800s. The effects of this globalization, and the associated colonialism, were diverse and could vary between and within regions. As globalization and colonialism affected patterns of economic development across the globe they played a part in the rise of global economic inequality, known as the ‘Great Divergence’, in the early modern period.
In the second of a proposed three-volume study, John and Jean Comaroff continue their exploration of colonial evangelism and modernity in South Africa. Moving beyond the opening moments of the encounter between the British Nonconformist missions and the Southern Tswana peoples, Of Revelation and Revolution, Volume II, explores the complex transactions—both epic and ordinary—among the various dramatis personae along this colonial frontier. The Comaroffs trace many of the major themes of twentieth-century South African history back to these formative encounters. The relationship between the British evangelists and the Southern Tswana engendered complex exchanges of goods, signs, and cultural markers that shaped not only African existence but also bourgeois modernity "back home" in England. We see, in this volume, how the colonial attempt to "civilize" Africa set in motion a dialectical process that refashioned the everyday lives of all those drawn into its purview, creating hybrid cultural forms and potent global forces which persist in the postcolonial age. This fascinating study shows how the initiatives of the colonial missions collided with local traditions, giving rise to new cultural practices, new patterns of production and consumption, new senses of style and beauty, and new forms of class distinction and ethnicity. As noted by reviewers of the first volume, the Comaroffs have succeeded in providing a model for the study of colonial encounters. By insisting on its dialectical nature, they demonstrate that colonialism can no longer be seen as a one-sided relationship between the conquering and the conquered. It is, rather, a complex system of reciprocal determinations, one whose legacy is very much with us today.