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Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate

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Industrial Policy and Monopoly Capitalism in Nigeria : Lessons from the Dangote Business Conglomerate. / Itaman, Richard; Wolf, Christina.

In: DEVELOPMENT AND CHANGE, Vol. 52, No. 6, 11.2021, p. 1473-1502.

Research output: Contribution to journalArticlepeer-review

Harvard

Itaman, R & Wolf, C 2021, 'Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate', DEVELOPMENT AND CHANGE, vol. 52, no. 6, pp. 1473-1502. https://doi.org/10.1111/dech.12675

APA

Itaman, R., & Wolf, C. (2021). Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate. DEVELOPMENT AND CHANGE, 52(6), 1473-1502. https://doi.org/10.1111/dech.12675

Vancouver

Itaman R, Wolf C. Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate. DEVELOPMENT AND CHANGE. 2021 Nov;52(6):1473-1502. https://doi.org/10.1111/dech.12675

Author

Itaman, Richard ; Wolf, Christina. / Industrial Policy and Monopoly Capitalism in Nigeria : Lessons from the Dangote Business Conglomerate. In: DEVELOPMENT AND CHANGE. 2021 ; Vol. 52, No. 6. pp. 1473-1502.

Bibtex Download

@article{45aeacbb247a46339e2b669dd0417836,
title = "Industrial Policy and Monopoly Capitalism in Nigeria: Lessons from the Dangote Business Conglomerate",
abstract = "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.",
author = "Richard Itaman and Christina Wolf",
note = "Publisher Copyright: {\textcopyright} 2021 International Institute of Social Studies Copyright: Copyright 2021 Elsevier B.V., All rights reserved.",
year = "2021",
month = nov,
doi = "10.1111/dech.12675",
language = "English",
volume = "52",
pages = "1473--1502",
journal = "DEVELOPMENT AND CHANGE",
issn = "0012-155X",
publisher = "Blackwell Publishing",
number = "6",

}

RIS (suitable for import to EndNote) Download

TY - JOUR

T1 - Industrial Policy and Monopoly Capitalism in Nigeria

T2 - Lessons from the Dangote Business Conglomerate

AU - Itaman, Richard

AU - Wolf, Christina

N1 - Publisher Copyright: © 2021 International Institute of Social Studies Copyright: Copyright 2021 Elsevier B.V., All rights reserved.

PY - 2021/11

Y1 - 2021/11

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=85111570513&partnerID=8YFLogxK

U2 - 10.1111/dech.12675

DO - 10.1111/dech.12675

M3 - Article

AN - SCOPUS:85111570513

VL - 52

SP - 1473

EP - 1502

JO - DEVELOPMENT AND CHANGE

JF - DEVELOPMENT AND CHANGE

SN - 0012-155X

IS - 6

ER -

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