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Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate
Development and Change ( IF 3.458 ) Pub Date : 2021-08-02 , DOI: 10.1111/dech.12675
Richard Itaman , Christina Wolf 1
Affiliation  

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

中文翻译:

尼日利亚的产业政策和垄断资本主义:Dangote 商业集团的教训

以 Dangote 企业集团为例,本文调查了为什么在尼日利亚制造业中形成了效率的口袋,以及为什么与此同时,整个经济的结构转型仍然有限。作者认为,市场的扩张(在这种情况下是国内市场)可以约束学习。然而,新兴的垄断资本主义在其内部蕴藏着脆弱积累的种子,以至于定价权、逃税和对工资的控制削弱了购买力的增长。在扩大市场的背景下,Dangote 的垄断地位和不断增长的利润来自生产性投资,但这些利润并没有以同样的速度转嫁给工资。更,
更新日期:2021-08-02
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