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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Slamming the 'Open Door': British Protectionist Fiscal Policy in Inter-War Nigeria
Author:Olukoju, AyodejiISNI
Year:1999
Periodical:Itinerario: European Journal of Overseas History
Volume:23
Issue:2
Pages:13-28
Language:English
Geographic term:Nigeria
Subjects:fiscal policy
tariffs
colonialism
Economics and Trade
History and Exploration
Abstract:This article examines two instances of protectionism in interwar Nigeria under British colonial rule, viz. the differential export duty on palm kernels after World War I and the anti-Japanese textile quotas of the 1930s. It shows that the 'open door' policy was essentially limited to periods of relative peace or commercial stability, or when British economic power enjoyed unassailable ascendancy. When, as during the First World War, there was a global crisis, the British government had no qualms adopting and implementing protectionist policies to safeguard its economic interests and those of its nationals, that is, consumers, merchants and industrialists. Again, during periods of economic uncertainty, such as the Great Depression of the 1930s, the 'open door' was necessarily slammed shut. Notes, ref.
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