Gränges and the undermining of Liberia: a critique of a joint venture arrangement

This is a case study of one 'joint venture' between a transnational corporation, in this case the Swedish mining giant. Gränges, and an African government. It offers a thorough explanation and demystification of the intricate corporate structures set up with the Liberian Government to run...

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Veröffentlicht in:Review of African political economy 1982-01, Vol.9 (23), p.72-84
1. Verfasser: Carlsson, Jerker
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creator Carlsson, Jerker
description This is a case study of one 'joint venture' between a transnational corporation, in this case the Swedish mining giant. Gränges, and an African government. It offers a thorough explanation and demystification of the intricate corporate structures set up with the Liberian Government to run and control iron ore mining, and of the balance sheets of these corporations. Careful analysis documents the facts that despite the legal fiction of 50-50 partnership, the government gets only 25 per cent of the proceeds and yields up 100 per cent of the control of the operation to its multinational partner.
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identifier ISSN: 0305-6244
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source Jstor Complete Legacy; PAIS Index; Alma/SFX Local Collection; Periodicals Index Online
subjects Business structures
Dividends
Ferrous minerals
Foreign investments
Income taxes
Iron mining
Iron ores
Joint venture
Joint ventures
Liberia
Mining
Political economy
Subsidiary companies
Swedish
Tax payments
title Gränges and the undermining of Liberia: a critique of a joint venture arrangement
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