Corporate political activity in less developed countries: The Volta River Project in Ghana, 1958-66

Stephanie Decker*

*Corresponding author for this work

Research output: Contribution to journalArticle (Academic Journal)

26 Citations (Scopus)

Abstract

The article expands existing categorisations of political and economic governance by including literature on less developed countries (LDCs). In four consecutive negotiations between the US multinational Kaisers and the US and Ghana governments in the early 1960s, it is argued that the company reached levels of influence that are at odds with existing explanations. In order to understand corporate political activities in LDCs, analysis needs to go beyond static factors (political risk) and include dynamic factors such as diplomatic relations and 'arenas of power', and consider the role of the investor's home country relative to the host economy.

Original languageEnglish
Pages (from-to)993-1017
Number of pages25
JournalBusiness History
Volume53
Issue number7
DOIs
Publication statusPublished - 1 Jan 2011

Keywords

  • corporate political activities
  • Ghana
  • Kaiser Aluminum & Chemicals Company
  • Kwame Nkrumah
  • Volta River Project

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