Merchant Capital and the Roots of State Power in Senegal, 1930-1985
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Merchant Capital and the Roots of State Power in Senegal, 1930-1985

by Catherine Boone
     
 

ISBN-10: 0521410789

ISBN-13: 9780521410786

Pub. Date: 09/01/1992

Publisher: Cambridge University Press

In most post-colonial regimes in sub-Saharan Africa, state power has been used to structure economic production in ways that have tended to produce economic stagnation rather than growth. In this book, Catherine Boone examines the ways in which the exercise of state power has inhibited economic growth, focusing on the case of Senegal. She traces changes in the

Overview

In most post-colonial regimes in sub-Saharan Africa, state power has been used to structure economic production in ways that have tended to produce economic stagnation rather than growth. In this book, Catherine Boone examines the ways in which the exercise of state power has inhibited economic growth, focusing on the case of Senegal. She traces changes in the political economy of Senegal from the heyday of colonial merchant capital in the 1930s to the decay of the neo-colonial merchant capital in the 1980s and reveals that old trading monopolies, commercial hierarchies and patterns of wealth accumulation were preserved at the cost of reforms that would have stimulated economic growth. Boone uses this case to develop an argument against analyses of political-economic development that identify state institutions and ideologies as independent forces driving the process of economic transformation. State power, she argues, is rooted in the material and social bases of ruling alliances.

Product Details

ISBN-13:
9780521410786
Publisher:
Cambridge University Press
Publication date:
09/01/1992
Series:
Cambridge Studies in Comparative Politics Series
Edition description:
New Edition
Pages:
318
Product dimensions:
5.98(w) x 8.98(h) x 0.87(d)

Table of Contents

List of tables and figures; Preface and acknowledgements; Introduction; 1. Capital and contingencies of post-colonial politics; 2. The colonial market; 3. Consolidation of a regime: neo-colonialism in the 1960s; 4. Growth of Senegal's textile industry, 1960–75; 5. Reappropriation of the state: the 1970s; 6. Demise of the Dakar textile industry; 7 Conclusion: states, capital and capitalist states; Appendix: exchange rates; References; Index.

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