Big business and economic development : conglomerates and economic groups in developing countries and transition economies under globalisation

Bringing together an international and multidisciplinary group of experts, this is the first comprehensive volume to analyze conglomerates and economic groups in developing countries and transition economies. Using sixteen in-depth case studies it provides a comparative framework for the study of contemporary process of privatization, economic and financial liberalization and neoliberal globalization.

Exploring the various causes and economic, social and political effects of the rise of 'big business' in Asia, Latin America, Africa and Eastern Europe, the main issues that are examined include:

the nature of contemporary economic concentration the relations between 'local' and 'external' investors the impact on development, and on economic and political control over its direction the new role of the state towards conglomerates and economics groups the effects of economic and political changes on the legitimacy of the state and large companies.

This volume is perfect as either a textbook or supplementary reading for students at all levels, as well as researchers and governmental and non-governmental professionals working and studying in the fields of international business and economic development.

1 The New Expansion of Conglomerates and Economic Groups: An Introduction to Global Neoliberalization and Local Power Shifts

Part I Asia

2 Public versus Private: Governance in East Asia in the Age of Globalization

3 Conglomerates in Indonesia: The Road to Power and Beyond

4 The Rise of Taiwanese Family-Owned Business Groups in the Telecommunication Industry

5 Conglomerates in Iran: The Political Economy of Islamic Foundations

Part II Latin America

6 Latin American Conglomerates in the Neoliberal Era: The Politics of Economic Concentration in Chile and Mexico

7 Economic Groups and the Rise and Collapse of Neoliberalism in Argentina

8 Economic Flexibilization and Denationalization in Brazil

9 Transnationals, Grupos and Business Associations in the Privatization of Central America's Telecommunications

10 The Viagra Effect: Pharmaceutical Giants and the Puerto Rican Economy

Part III Africa

11 The Neoliberalizing African State and Private Capital Accumulation: The Case of Cameroon

12 The Resilience of Comprador Capitalism: 'New' Economic Groups in Southern Africa

13 African Regional Groupings and Emerging Chinese Conglomerates

14 The Risky Business of Cocoa in Ghana: Local Entrepreneurs in a Buyer-Driven Chain

Part IV Easterrn Europe

15 The Kremlin and the Oligarchs: Clashing Economic Interests in Russia

16 The Rise of Conglomerates in Ukraine: The Donetsk Case

17 The Impact of Multinational Investment in Central and Eastern Europe

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Table of Contents