Globalization and the Cultures of Business in Africa : From Patrimonialism to Profit

Can Africa Develop Businesses Beyond The Extractive Or Agricultural Sectors? What Would It Take For Africa To Play A Major Role In Global Business? By Focusing On Recent Changes, Scott D. Taylor Demonstrates How Africa's Business Culture Is Marked By An Unprecedented Receptivity To Private Enterprise. Challenging Persistent Stereotypes About Crony Capitalism And The Lack Of Development, Taylor Reveals A Long And Dynamic History Of Business In Africa. He Shows How A Hospitable Climate For Business Has Been Spurred By Institutional Change, Globalization, And Political And Economic Reform. Taylor Encourages A Broader Understanding Of The Mosaic Of African Business And The Diversity Of Influences And Cultures That Shape It. -- Publisher's Website. African Business And Capitalism In Historical Perspective -- Institutional Change In The 1990s : Economic And Political Reform -- Business, The African State, And Globalization In The New Millennium : Transnational Influences And Domestic Responses -- Foreign Investment Beyond Compradorism And Primary Commodities : The Role Of The Global South -- From Patrimonialism To Profit? : The Transformation Of Crony Capitalists And Bureaucratic Bourgeoisies -- Going Continental, Going Global : Africa's Corporate Giants. Scott D. Taylor. Includes Bibliographical References (p.221-233) And Index. Annotation Can Africa develop businesses beyond the extractive or agricultural sectors? What would it take for Africa to play a major role in global business? By focusing on recent changes, Scott D. Taylor demonstrates how Africa's business culture is marked by an unprecedented receptivity to private enterprise. Challenging persistent stereotypes about crony capitalism and the lack of development, Taylor reveals a long and dynamic history of business in Africa. He shows how a hospitable climate for business has been spurred by institutional change, globalization, and political and economic reform. Taylor encourages a broader understanding of the mosaic of African business and the diversity of influences and cultures that shape it Contents 8 Preface 10 Acknowledgments 18 Part 1. Introducti on and Bac kground 22 Introduction 24 1. AfricanBusiness and Capitalism in Historical Perspective 43 Part 2. Globalizati on and Politicaland Economic Transf ormati on 64 2. Institutional Change in the 1990s 66 3. Business, the AfricanState, and Globalization in theNew Millennium 85 Part 3. The Diversit y of AfricanBusiness :Problems and Prospects 97 118 4. Foreign Investment beyond Compradorism andPrimary Commodities 120 5. From Patrimonialism to Profit? The Transformationof Crony Capitalists and Bureaucratic Bourgeoisies 151 6. Going Continental, Going Global 176 Conclusion 204 Appendix 210 Notes 214 Bibliography 242 Further Reading 256 Index 258 Discusses developing markets for African entrepreneurs