Title

Investing in a Wealthy Resource-Based Colonial Economy: International Business in Australia before World War I

RIS ID

146065

Publication Details

Ville, S. & Merrett, D. (2020). Investing in a Wealthy Resource-Based Colonial Economy: International Business in Australia before World War I. Business History Review, 94 (2), 321-346.

Abstract

2020 The President and Fellows of Harvard College. The article is a rare investigation into multinational activity in a wealthy resource-based colonial economy toward the end of the first wave of globalization. It challenges the conventional wisdom that multinationals had a limited presence in pre-1914 Australia, where government loans and portfolio investment from Britain into infrastructural and primary industries dominated. Our new database of nearly five hundred foreign firms, from various nations and spread across the host economy, shows a thriving and diverse international business community whose agency mattered for economic development in Australia. Colonial ties, natural resources, stable institutions, and high incomes all attracted foreign firms.

This record is in the process of being updated. Please contact us for more information.

Share

COinS
 

Link to publisher version (DOI)

http://dx.doi.org/10.1017/S0007680520000264