Itaman, Richard and Wolf, Christina (2021) Industrial policy and monopoly capitalism in Nigeria : lessons from the Dangote Business Conglomerate. Development And Change, ISSN (print) 0012-155X (Epub Ahead of Print)

Abstract

At the example of the Dangote conglomerate, this article investigates why pockets of efficiency formed in the Nigerian manufacturing sector and why, at the same time, structural transformation remained limited across the economy as a whole. We argue that expansion of, in this case domestic, markets can discipline learning. Yet emerging monopoly capitalism carries in it the fruit of fragile accumulation to the extent that price setting power, tax evasion and control over wages undermines the growth of purchasing power. Under expanding markets, Dangote’s monopoly position and growing profits followed from productive investment, but these were not passed down at the same rate into wages. What is more, the difficulties in taxing the conglomerate has undercut the state’s resources available for pro-poor redistribution.

Downloads Metadata

Full text available as:

Official URL:	https://doi.org/10.1111/dech.12675
Item Type:	Article
Research Area:	Research Areas > Development studies Research Areas > Economics and econometrics
Faculty, School or Research Centre:	Faculty of Arts and Social Sciences
Date Deposited:	29 Mar 2021 15:39
Last Modified:	02 Aug 2023 02:05
DOI:	https://doi.org/10.1111/dech.12675
URI:	https://eprints.kingston.ac.uk/id/eprint/48633

Actions (Repository Editors)

Item Control Page