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Merchant Capital and Economic Decolonization : The United Africa Company 1929-1987 - D. K. Fieldhouse

Merchant Capital and Economic Decolonization

The United Africa Company 1929-1987

Hardcover Published: 1st December 1994
ISBN: 9780198226253
Number Of Pages: 860

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The United Africa Company (UAC), formed in 1929 by the fusion of the Niger Company and the African and Eastern Corporation, was by far the largest single commercial organization in West and Equatorial Africa, and thus central to modern African economic history. This is the first detailed account to be published and one which fills a serious gap in the literature. It was not commissioned by the company (now reabsorbed into Unilever) but the author had full access to all confidential material in the UAC and Unilever archives and complete freedom in what he wrote. The book is not intended to be primarily a company history but uses the UAC 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 during this critical half century. This book is intended for scholars and students of modern history, especially historians of colonialism and imperialism; students of developing studies and African economic history; students of business history.

Industry Reviews

`great book, which tells the story of the UAC from 1929...this is a splendid volume, in every way worthy of the Emeritus Professor of Imperial and Naval History in the University of Cambridge' The Times Literary Supplement `this book does justice to the substantial corporate archives of a major business...a book that emphasises the importance of corporate enterprise is very welcome.' Financial Times `The first detailed study of the United Africa Company ... The major contribution of the book ... is the new dimensions it raises for the study of decolonization.' Choice `Fieldhouse ... offers us in this weighty volume a detailed history of the United Africa Company from its formation to its dissolution. Fieldhouse was given access to the massive private documentation possessed by the company ... we are all in his debt for the sheer weight of important information that is now available to historians of West Africa ... This is an immensely useful (and gracefully written) volume to which an entire article or articles could well respond in review.' The Economic History Review `a work of...importance. The book fills out in a most necessary way the commercial and industrial history of west Africa (more particularly, of Ghana and Nigeria) over some six decades...theorists of economic imperialism and neo-colonialism...should read this book. Many others, who do not fall into that category, will welcome its appearance.' African Affairs `the main strength of this book is that...it contains an extraordinary amount of information about UAC...Unilever must be congratulated for allowing such liberal access to its archives, while the stamina of Fieldhouse in researching and writing such a tome is impressive...Business historians will find this book to be a goldmine of empirical information...informative history of one of Britain's more important overseas businesses in this century.' Business History `A wide range of specialists will find this work very useful in their research, By opening this private archive, Fieldhouse has uncovered a treasure trove of information...Researchers will be mining this book for these sources for years to come.' The Historian `The historiography of British commercial enterprise in West Africa is longstanding and distinguished. D. K. Fieldhouse is not new to this canon, but his new study adds to this lustre through the light it sheds both on important aspects of the end of the West African empire, and the transition to post-colonialism....'Merchant Capital and Economic Decolonization' will be required reading for anybody interested in the end of African empire, even if most will fail the test of reading each page with equal devotion. ... With the lucidity, tenacity and sense of clearly-framed goals which have been the hallmark of Fieldhouse's work as a historian, he has added to his achievements by making a major contribution to the study of the process by ehich empire at first faltered and was finally transfigured into something else.' English Historical Review `Fieldhouse has told the story of the UAC well. Archives may not fall so neatly into the hands of other historians, but there are equivalent tales to be told for the World Bank. the IMF, and the firms that dominate African economic life now that the UAC is gone.' Patrick Manning, Northeastern University, American Historical Review, June 1996 `This is an advanced book which is intended for graduate-level and professional researchers who already have hypotheses which they can bring to bear on the information which Fieldhouse has uncovered here.' Leslie Bessant, Ripon College, The Historian `One opens this tome with the highest expectations, which it meets. This important book contains a fabulous amount of valuable material on an extremely complex multinational, multifunctional, multiproduct corporation. Fieldhouse is to be applauded for undertaking this project ... Fieldhouse tells a fascinating story of the participation of UAC/Unilever in West African industrialization ... offers valuable insights into how UAC became caught up in the kaleidoscopic political conditions in West Africa after independence. This outstanding book should be required reading for any student of economic development. It demonstrates the value of business history, especially the history of multinational enterprise, in viewing development issues. It is a major contribution to the economic history of West Africa.' Mira Wilkins, `David Fieldhouse must be congratulated. He has opened up the files of what Sir Keith Hancock described as 'the commercial colossus of West Africa' ... he has also wirtten a monumental account of the United Africa Company ... Fieldhouse devotes over fifty interesting pages to the question of the 'pools' and cocoa which add considerably to our understanding of this complex matter.' Richard Rathbone, University of London, Journal of Imperial & Commonwealth History, Vol. 23, No. 3, Sept '95 `it is essential to note its many impressive achievements ... Fieldhouse uses the archive of the United Africa Company, an obviously rich body of records, to chart the history of the largest and most powerful of trhe great export-import firms in West Africa ... It is surely destined for inclusion among the classic studies of West African economic history.' Robert L. Tignor, Princeton University, Journal of African History, Vol 38 - 1997 `this is a significant addition to the small number of good business histories of British concerns operating in Africa and an important contribution to literature on economic aspects of colonialism and African economic developments ... this study will be eagerly received for the light it sheds upon controversies surrounding European capital ... Merchant capital and economic decolonization ... advances our understanding of the activities of merchant capital on a number of fronts ... taken as a whole it offers an important contribution to our knowledge of the changing profile of British business overseas. The book is throughout written in Fieldhouse's characteristically accessible prose.' Sarah Stockwell, Bulletin of the School of Oriental and African Studies, Vol. 60, No. 1 '97

List of Tables
Note on Sources
Strategy and Structurep. 1
The Company 1929-1960p. 3
The Company 1960-1987p. 42
The Classical Age of UACp. 79
Crisis, Reconstruction, Merchanting, and Producep. 81
Pools and Cocoap. 124
Sidelines: Shipping and Plantationsp. 176
War and Merchant Capital in Africap. 227
State Control of Producep. 229
Imports, Industry, and Politicsp. 281
The Age of Decolonizationp. 335
UAC and African Nationalismp. 337
Adaptation to Changep. 375
The Last Years of General Trading and Producep. 411
UAC in Independent Africap. 449
UAC and African Politicsp. 451
Industry: Nigeriap. 495
Industry: Ghana, the Congo/Zaire, and Francophone Statesp. 552
The Decline of the Open Economyp. 589
Participation and Disinvestmentp. 621
Out of Africa and Back Againp. 677
Redeployment 1960-1970p. 679
Diversification 1971-1983p. 716
From UACI to AMEG 1977-1987p. 763
Bibliographyp. 811
Indexp. 815
Table of Contents provided by Blackwell. All Rights Reserved.

ISBN: 9780198226253
ISBN-10: 019822625X
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 860
Published: 1st December 1994
Publisher: Oxford University Press
Country of Publication: GB
Dimensions (cm): 24.3 x 15.8  x 5.0
Weight (kg): 1.55