This book investigates the relationship that Multinational Corporations form with Local Authorities and governments in West Africa. It argues that informal partnerships at the local level can provide significant socioeconomic benefits to communities and overcome shortfalls in state provision of infrastructure and collective goods and services. Drawing on in-depth case studies in Niger, Ghana and Liberia, the book demonstrates that Decentralized Partnerships benefit from lower transaction costs while maintaining profitability and investment protection, whereas in formal relationships between multinationals and local government, asset specificity and uncertainty are high. By complying with informal rules, which are in many ways just as restrictive as formal rules, Multinational Corporations can adapt and acculturate themselves, become actors of territorial authorities and can get around the incompleteness of the contract that binds them to the state. Reflecting on a range of local projects (educational, infrastructural, health, micro-financial, entrepreneurial), this book provides a rich and detailed assessment of the interactions between Local Authorities and Multinational Firms. The book will be useful to upper-level students and researchers across the fields of economics, business, sociology, anthropology and African studies as well as to development practitioners and regional and international organizations with interest in the functioning of Multinational Corporations in local environments.

Monographic compilation of conference papers on multinational enterprises in Africa - considers political aspects and social implications, the international division of labour and underdevelopment, etc., includes case studies of foreign investment in several countries, and suggests strategies for non-exploitative technology transfer. References and statistical tables. Conference held in Dakar 1974 September 25 to October 5.

This book offers a comprehensive study of the history of African business. By analyzing the specificities of African business culture, as well as the dynamically changing African policy context, the author sheds new light on the development of African enterprises, markets and institutions. The book covers a wide range of historical studies, starting with the earliest exchange networks, the new market opportunities resulting from European penetration, the dualism of state-owned companies and private enterprises during the twentieth century, the role of foreign direct investments and multinational companies during the 1990s, and the globalization of African business.

Nigeria, Africa's most populated country is rich in ethnic diversity - a reason why it suffers from many conflicts. The country is one of the top five oil producers. The recent resource crisis in the Niger Delta is caused by poor division of resources, underdevelopment, and mismanagement. The failure of the young democracy would have a vehement effect in the country and in Africa as a whole. The government has to consolidate its democracy, uphold unity and sovereignty. To secure democracy it will need support from the Nigerians themselves, the multinational oil companies and the international world.