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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This book examines the evolution of multinational trading companies from the eighteenth century to the present day. During the Industrial Revolution, British merchants established overseas branches which became major trade intermediaries and subsequently engaged in foreign direct investment. Complex multinational business groups emerged controlling large investments in natural resources, processing, and services in Asia, Latin America, and Africa.
 

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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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