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Merchant Capital and the Roots of State Power in Senegal: 1930-1985 (Cambridge Studies in Comparative Politics)
 
 
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Merchant Capital and the Roots of State Power in Senegal: 1930-1985 (Cambridge Studies in Comparative Politics) [Hardcover]

Catherine Boone (Author)

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Book Description

October 30, 1992 0521410789 978-0521410786
In most post-colonial regimes in sub-Saharan Africa, state power has been used to structure economic production in ways that have tended to produce economic stagnation rather than growth. In this book, Catherine Boone examines the ways in which the exercise of state power has inhibited economic growth, focusing on the case of Senegal. She traces changes in the political economy of Senegal from the heyday of colonial merchant capital in the 1930s to the decay of the neo-colonial merchant capital in the 1980s and reveals that old trading monopolies, commercial hierarchies and patterns of wealth accumulation were preserved at the cost of reforms that would have stimulated economic growth. Boone uses this case to develop an argument against analyses of political-economic development that identify state institutions and ideologies as independent forces driving the process of economic transformation. State power, she argues, is rooted in the material and social bases of ruling alliances.

Editorial Reviews

Review

"...an economic story about politics and a political story about colonial and neocolonial economies...this book could take its place alongside the classic economic history of the rise of capitalism in Europe, and in Britain in particular." ASA News

"Boone has produced a splendid book. In its theoretical intelligence and empirical richness, it is one of the most important recent works on African political economy." Comparative Politics

"...a balanced judgement and humane. This is an impressive contribution to the literature on the wobbly underpinnings of the African state." Journal of African Studies

"With a comprehensive discussion ranging from the financing and marketing of textiles to grand sociological theory, the book is an impressive achievemnt, deserving a place in respectable Africa collections...." H. Glickman, Choice

"...this book represents a real step towards the understanding of Africa's current state, and why it remains elusive to neoclassical economists and developmentalists." Mohamed Mbodi, International Journal of African Historical Studies

"Boone's elegant study is highly focused and detailed....add[s] important new dimensions to the ongoing debate." Patrick O'Meara, Journal of Politics

"...instructive for anyone concerned with the politics of economic reform, not only in Africa but in postcommunist Eastern Europe as well." Ronald Kassimir, Contemporary Sociology

Book Description

In most post-colonial regimes in sub-Saharan Africa, state power has been used to structure economic production in ways that have tended to produce economic stagnation rather than growth. Catherine Boone examines the ways in which the exercise of state power in Africa has inhibited economic growth, focusing on the case of Senegal.

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Inside This Book (learn more)
First Sentence:
Colonialism bore stark testimony to Europeans' readiness to use state power, through military force if need be, to gain in sub-Saharan Africa what the "invisible hand" of the market had not delivered. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
basic textile industry, colonial merchant capital, largest maisons, valeurs mercuriales, groundnut program, malaise paysan, politicized accumulation, groundnut basin, contraband circuit, groundnut circuit, grand khalif, colonial trading houses, knitting firms, groundnut economy, groundnut sector, pacte colonial, fraudulent importation, animation rurale, groundnut trade, dual flux, groundnut cultivation, assistants techniques, grands marabouts, groundnut producers, business stratum
Key Phrases - Capitalized Phrases (CAPs): (learn more)
World Bank, Cruise O'Brien, West Africa, World War, Abdou Diouf, Chamber of Commerce, Zone Franc, Rapport du Groupe du Travail Textile, Mamadou Dia, Africa Confidential, France Outre-Mer, Affaires Economiques, Far East, National Assembly, Quatre Communes, United States, Hong Kong, Jean Collin, Jeune Afrique, Mali Federation, Notes Documentaires, Abdou Lahatte, Direction du Commerce, Dollfus Mieg Corporation, Eastern Europe
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