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The author uses the United Africa Company as a focal point for detailed study of how the role of foreign merchant capital changed in response to economic and political developments in Black Africa between 1929 and 1989.
This is an exploration in world history that examines complex and intriguing questions concerning the origins of the first truly global economy, centered in Europe, which served in turn as a solid basis for the later emergence of the modern world system. Professor Smith first examines the remarkable progress achieved by many cultures around the world, achievements that for some time far exceeded anything then found in Europe. The study then probes beyond "traditionalism" as a sufficient explanation of the inability of these societies to maintain the economic momentum that had begun so auspiciously and carefully examines the experience of European societies by way of comparison, finding that remarkably similar processes tended to unfold at first: regions of Europe that made the earliest gains in material progress were, like other parts of the world, unable to sustain these advances. Still, in some parts of Europe–particularly the Netherlands and England–a new alignment of social forces was yielding the social system that would eventually evolve into capitalism. This breakthrough allowed for continued dynamic material progress, particularly for the English. Able to establish an unprecedented commercial dominance in vast reaches of the world, the British found themselves at the hub of a new world economy much more complex than any earlier intercultural commercial system. The book delineates the systemic roles assumed by the various regions of the world and by European merchant capital and explains the tensions within this system that ensured its continued dynamism and eventual transformation into the current world economic system. Creating a World Economy combines an epic sweep with a mastery of historical detail and is sure to stimulate discussion among sociologists and historians interested in questions of a global nature.
MING QING YANJIU, founded in 1992, is a peer reviewed journal dedicated primarily to advanced studies of pre-modern China. This journal provides a forum for scholars from a variety of fields related to late imperial and early republican period that aim to have a cross-disciplinary discourse. Contributions in sociology, literature, psychology, anthropology, history, geography, linguistics, semiotics, political science, and philosophy, as well as book reviews are welcome.
British multinationals faced unprecedented challenges to their organizational legitimacy in the middle of the twentieth century as the European colonial empires were dismantled and institutional transformations changed colonial relationships in Africa and other parts of the world. This book investigates the political networking and internal organizational changes in five British multinationals (United Africa Company, John Holt & Co., Ashanti Goldfields Corporation, Bank of West Africa and Barclays Bank DCO). These firms were forced to adapt their strategies and operations to changing institutional environments in two English-speaking West African countries, Ghana (formerly the Gold Coast) and Nigeria, from the late 1940s to the late 1970s. Decolonization meant that formerly imperial businesses needed to develop new political networks and change their internal organization and staffing to promote more Africans to managerial roles. This postcolonial transition culminated in indigenization programmes (and targeted nationalizations) which forced foreign companies to sell equity and assets to domestic investors in the 1970s. Postcolonial Transition and Global Business History is the first in-depth historical study on how British firms sought to adapt over several decades to rapid political and economic transformation in West Africa. Exploring both postcolonial transitions and development discourse, this book addresses the topics with regard to business and economic history and will be of interest to researchers, academics, and students in the fields of organizational change, political economy, African studies and globalization.
The two decades that followed World War II witnessed the end of the great European empires in Asia and Africa. Robert Tignor's new study of the decolonization experiences of Egypt, Nigeria, and Kenya elucidates the major factors that led to the transfer of power from British to African hands in these three territories. Employing a comparative method in order to explain the different decolonizing narratives in each territory, he argues that the different state policies toward the private business sector and foreign capital were the result of nationalist policies and attitudes and the influence of Cold War pressures on local events. Using business records as well as official government sources, the work highlights the economic aspects of decolonization and weighs the influence of nationalist movements, changes in metropolitan attitudes toward the empire, and shifts in the international balance of power in bringing about the transfer of authority. The author concludes that the business communities did not play decisive roles, adhering instead to their time-honored role of leaving political issues to colonial officials and their nationalist critics. Tignor also finds that the nationalist movements, far from being ineffective, largely realized the primary goals of nationalist leaders that had been articulated for many decades. Originally published in 1997. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
This collection of essays provides insights into the complex process of economic decolonization in Indonesia from a variety of perspectives. The emancipation from Dutch colonialism in the economic sphere is linked to the unique features of the new nation-state emerging in newly independent Indonesia. This included a key role in business for the military. A key part was also played by indigenous Indonesian business firms that were shaped by the Japanese occupation and the Indonesian Revolution.
The Business of Decolonization serves to deepen our understanding of the end of the British empire, too often approached as if it was a process shaped and experienced exclusively by nationalist and imperial politicians and policy-makers. It explores British companies' experience of, and involvement in, developments leading to the transfer of power in Ghana, the former colony of the Gold Coast. The book demonstrates that businessmen developed strategies to cope with political change, reveals the extent of their involvement in nationalist politics, and highlights the contrasting responses of different companies to political and constitutional developments in the colony. Drawing on an extensive range of company, business association, personal, and official papers, the book focuses primarily on company activity. However, it also investigates relations between British firms and the colonial state on the eve of Ghanaian independence, and examines the place of British business interests in British policy.
The Business of Decolonization serves to deepen our understanding of the end of the British empire, too often approached as if it was a process shaped and experienced exclusively by nationalist and imperial politicians and policy-makers. It explores British companies' experience of, and involvement in, developments leading to the transfer of power in Ghana, the former colony of the Gold Coast. The book demonstrates that businessmen developed strategies to cope with political change, reveals the extent of their involvement in nationalist politics, and highlights the contrasting responses of different companies to political and constitutional developments in the colony. Drawing on an extensive range of company, business association, personal, and official papers, the book focuses primarily on company activity. However, it also investigates relations between British firms and the colonial state on the eve of Ghanaian independence, and examines the place of British business interests in British policy.
Why did some countries grow rich while others remained poor? Human history unfolded differently across the globe. The world is separated in to places of poverty and prosperity. Tracing the long arc of human history from hunter gatherer societies to the early twenty first century in an argument grounded in a deep understanding of geography, Andrew Brooks rejects popular explanations for the divergence of nations. This accessible and illuminating volume shows how the wealth of ‘the West’ and poverty of ‘the rest’ stem not from environmental factors or some unique European cultural, social or technological qualities, but from the expansion of colonialism and the rise of America. Brooks puts the case that international inequality was moulded by capitalist development over the last 500 years. After the Second World War, international aid projects failed to close the gap between ‘developed’ and ‘developing’ nations and millions remain impoverished. Rather than address the root causes of inequality, overseas development assistance exacerbate the problems of an uneven world by imposing crippling debts and destructive neoliberal policies on poor countries. But this flawed form of development is now coming to an end, as the emerging economies of Asia and Africa begin to assert themselves on the world stage. The End of Development provides a compelling account of how human history unfolded differently in varied regions of the world. Brooks argues that we must now seize the opportunity afforded by today’s changing economic geography to transform attitudes towards inequality and to develop radical new approaches to addressing global poverty, as the alternative is to accept that impoverishment is somehow part of the natural order of things.