Merchants to Multinationals: British Trading Companies in the Nineteenth and Twentieth Centuries

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Oxford University Press, 2000 - Business & Economics - 404 pages
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Merchants to Multinationals provides the first study of the evolution of British-owned international trading companies worldwide from the eighteenth century through to the present day. Geoffrey Jones analyses the complex multinational business groups which emerged, and considers the ways in which the trading companies were forced to 're-invent' themselves in order to compete in evolving political and business environments. Based on many confidential business records, this book provides a new dimension to the literature on international business.
 

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Contents

t Trading Companies in Theory and History i
11
a Foundations
45
4 Trading in Crisis
84
Concentration and Diversification
142
Business Groups
161
Governance and Human Resources
207
External Relationships
227
Natural Resources
256
io Traders as Manufacturers
288
n End Game
325
ta Conclusion
343
Posttax return on net capital employed of selected
354
Sources for calculations on capital employed
365
Index
377
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About the author (2000)


Geoffrey Jones is Professor of Business History in the Department of Economics, University of Reading, UK.

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