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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Restrictions on Foreign Ownership of Manufacturing Industry in a Less Developed Country: The Case of Ghana
Authors:Solomon, Robert F.
Forsyth, David J.C.
Year:1978
Periodical:Journal of Developing Areas
Volume:12
Issue:3
Period:April
Pages:281-297
Language:English
Geographic term:Ghana
Subjects:business
Africanization
foreign enterprises
Economics and Trade
Development and Technology
Links:https://www.jstor.org/stable/4190580
http://search.proquest.com/pao/docview/1311637169
Abstract:In 1970 Ghana passed the Business (Promotion) Act imposing controls on the foreign ownership of manufacturing establishments. On the basis of a detailed empirical analysis of the choice of technology by different ownership groups in Ghana, it is argued that such legislation may well have effects on employment opposite to those desired, and in certain cases employment may decline when industries are Ghanaianised. Moreover, the shift in ownership may throw a heavy strain on local supplies of skilled labour. Unless policy formulation vis-a-vis the foreign-owned sector can be, and is, carried out with the benefit of detailed prior study of the impact of the intended legislation, the ultimate consequences of official intervention may differ radically from those intended. Notes, tab., appendix giving details of the indigenization legislation.
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