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 |
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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 |
ispartof | Review of African political economy, 1982-01, Vol.9 (23), p.72-84 |
issn | 0305-6244 1740-1720 |
language | eng |
recordid | cdi_proquest_miscellaneous_59272487 |
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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