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Postcolonial Transition and Global Business History - British Multinational Companies in Ghana and Nigeria (Hardcover)
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Postcolonial Transition and Global Business History - British Multinational Companies in Ghana and Nigeria (Hardcover)
Series: Routledge International Studies in Business History
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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.
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