عنوان

Capital and colonialism :

(Number (ISBN

3030197115

(Number (ISBN

9783030197117

Erroneous ISBN

3030197107

Erroneous ISBN

9783030197100

Title Proper

Capital and colonialism :

General Material Designation

[Book]

Other Title Information

the return on British investments in Africa 1869-1969 /

First Statement of Responsibility

Klas Rönnbäck, Oskar Broberg.

Place of Publication, Distribution, etc.

Cham :

Name of Publisher, Distributor, etc.

Palgrave Macmillan,

Date of Publication, Distribution, etc.

2019.

Specific Material Designation and Extent of Item

1 online resource

Series Title

Palgrave Studies in Economic History Ser.

Text of Note

Intro; Acknowledgements; Contents; List of Figures; List of Tables; 1: Introduction; Part I; 2: Historical Context; Classical Imperialism During the Nineteenth Century; The European Colonization of Africa; The City of London, Connecting the World; References; 3: Capital and Colonialism in Theory; Capital and Colonies in Classic Economic Theory; Marxism, Capitalism and Imperialism; Imperialism and Special Interests; Risk, Return and the Empire Effect; Asymmetric Flows of Information; Conclusion; References; 4: Previous Empirical Research; Estimating the Profitability of Colonial Ventures

Text of Note

Limitations of Previous Research in the FieldReferences; 5: Data and Methods; Company Profits and Return on Investment; Delimitation; Estimating the Return on Investment in Equity; Sources Employed; Sample of Data for African Companies; Geographical Location; Different Types of Colonies; Sectoral Division; Company Longevity; Complementary Qualitative Microdata; A Note on Terminology; References; Part II; 6: The Rate of Return on Investment in Africa; Growing Investments in Africa; Decreasing Market Concentration; Total Return on Investment in Africa; Changing Rate of Return over Time

Text of Note

Testing the Reliability of Our ResultsReturn on British Investments in Africa Versus Other Investments; Conclusion; References; 7: Risk and Return; Volatility; Equity Risk Premium; Survival and Death of African Ventures; Conclusions; References; Part III; 8: North Africa; The Modernization of Egypt Until Middle of the Nineteenth Century; Investments, Indebtedness and Foreign Control, 1859-1882; The Suez Canal; Banking; Economic Development During the British Occupation of Egypt, 1883-1914; The Suez Canal; Banking; North Africa from the First World War to Independence, 1915-1956

Text of Note

The British Colonization of Southern and Central Africa Until 1924The British South Africa Company; Mining; The End of Corporate Rule; Southern Rhodesia, 1924-1969; Northern Rhodesia, 1924-1969; Return on Investment in Central/Southern Africa in the Long Run, 1869-1969; References; 11: South Africa; The Dutch Legacy and British Imperial Control Until the 1860s; The New Beginning, 1860-1885; Copper; Diamonds; Banking; Part of a Global Mining Boom, 1886-1899; Diamonds; Gold; Banking; A World at War: Human and Capital Destruction, 1900-1919; Gold; Diamonds; Banking

Text of Note

The Suez CanalBanking; Plantations; The Transformation of the Suez Canal Company, 1957-1969; Return on Investment in North Africa in the Long Run, 1862-1969; References; 9: West Africa; The Scramble for West Africa Until 1900; Shipping; Trading; Telegraph; Mining; High Imperialism in West Africa, 1900s to 1920s; Trading; Shipping; Banking; Mining; Towards Political Independence, 1930s to 1950s; Trading and Banking; Mining; Political Independence in West Africa, 1960-1969; Return on Investment in West Africa in the Long Run, 1869-1969; References; 10: Central/Southern Africa

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Text of Note

This book engages in the long-standing debate on the relationship between capitalism and colonialism. Specifically, Rönnbäck and Broberg study the interaction between imperialist policies, colonial institutions and financial markets. Their primary method of analysis is examining micro- and macro-level data relating to a large sample of ventures operating in Africa and traded on the London Stock Exchange between 1869 and 1969. Their study shows that the relationship between capital and colonialism was highly complex. While return from investing in African colonies on average was not extraordinary, there were certainly many occasions when investors enjoyed high return due to various forms of exploitation. While there were actors with rational calculations and deliberate strategies, there was also an important element of chance in determining the return on investment - not least in the mining sector, which overall was the most important business for investment in African ventures during this period. This book finally also demonstrates that the different paths of decolonization in Africa had very diverse effects for investors.

Title

Capital and colonialism.

International Standard Book Number

9783030197100

British colonies.

Economic history.

Economic policy.

Africa, Economic conditions, 19th century.

Africa, Economic conditions, 20th century.

Great Britain, Colonies, Africa, Economic conditions.

Great Britain, Colonies, Africa, Economic policy.

Africa.

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7

Number

Edition

Class number

Rönnbäck, Klas.

Broberg, Oskar.

Date of Transaction

20200823091011.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y