Building Up Goodwill: British Business, Development and Economic Nationalism in Ghana and Nigeria, 1945–1977

Abstract

Contemporary sub-Saharan Africa presents a puzzle to many observers, and has generally been perceived as a hostile environment to modern business. It is indeed difficult to make sense of politics and business on the continent without understanding how African colonies turned into independent countries since the late 1950s, and how they evolved into postcolonial states from the 1970s onwards. Imperial business was witness to these fundamental changes in African societies and deeply affected by it. Although some economic indicators in the 1970s were relatively favorable (many commodity prices were high), this was the decade when the severe decline of Africa, both in relative and absolute terms, began.