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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:African Business Systems in a Globalising World
Authors:Pedersen, Poul O.
McCormick, DorothyISNI
Periodical:Journal of Modern African Studies
Geographic term:Africa
Subjects:private enterprises
Economics and Trade
Politics and Government
Development and Technology
External link:https://www.jstor.org/stable/161470
Abstract:The failure of structural adjustment programmes (SAP) to promote industrialization in Africa may be at least partly explained by the fragmentation of African business systems. This article examines Africa's fragmented business systems, focusing particularly on the institutions that evolved or failed to evolve. The analysis focuses especially on eastern and southern Africa, but also draws on material from other parts of the continent. The article shows that the different segments of the African business systems - the parastatal sector, the formal large-scale private sector, the 'informal' indigenous sector - are not well-integrated in terms of inter-enterprise trade and production links. The hypothesis is advanced that the fragmentation of African business systems is the result of the institutional environment in which they have developed. The lack of supportive financial, State and social institutions inhibits trust and accountability, and impedes the access to capital, labour market flexibility, and subcontracting, which are needed for modern industrial development. Bibliogr., notes, ref., sum.