Less than an empire and more than British: Foreign investor competition in Ghana and Nigeria in the 1960s

Stephanie D Decker

Research output: Chapter in Book/Report/Conference proceedingChapter (peer-reviewed)

Abstract

The post-war British Empire has been described as ‘more than British and less than an imperium’. Once decolonisation began, it was ‘nationalized and internationalized as part of the Anglo-American coalition’. This process continued after independence in Ghana and Nigeria, which experienced economic booms that attracted different international investors, sometimes with political motivation and frequently with home country support in terms of risk guaranties. These investments favoured contracting, turnkey factories and suppliers’ credit, which created a political economy of favouritism and corruption that saddled newly independent countries with significant amounts of debt when economic conditions deteriorated. Substantial competition between Western foreign investors, such as West Germany, the UK and the USA, were the result of a shared economic vision of Western economic dominance around the world.
Original languageEnglish
Title of host publicationImagining Britain’s Economic Future, c.1800-1975:
Subtitle of host publication Trade, Consumerism and Global Markets
EditorsD. Thackeray, A. Thompson, R. Toye
PublisherPalgrave Macmillan Ltd.
Pages183-203
ISBN (Electronic)978-3-319-71297-0
ISBN (Print)978-3-319-71296-3
DOIs
Publication statusPublished - 5 Apr 2018

Bibliographical note

© The Author(s) 2018

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    Decker, S. D. (2018). Less than an empire and more than British: Foreign investor competition in Ghana and Nigeria in the 1960s. In D. Thackeray, A. Thompson, & R. Toye (Eds.), Imagining Britain’s Economic Future, c.1800-1975: Trade, Consumerism and Global Markets (pp. 183-203). Palgrave Macmillan Ltd.. https://doi.org/10.1007/978-3-319-71297-0_9