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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Merchant Capital, International Livestock Trade and Pastoral Development in Somalia
Author:Samatar, Abdi I.ISNI
Periodical:Canadian Journal of African Studies
Geographic term:Somalia
animal husbandry
Development and Technology
Economics and Trade
Agriculture, Natural Resources and the Environment
international relations
External link:https://www.jstor.org/stable/485651
Abstract:Merchant capital, the dominant form of capital in Somalia, was the chief instrument used by imperial Britain to link precapitalist Somali pastoral society to the world market. While merchant capital has partially altered precapitalist pastoral production it has not improved the productive capacity of the pastoral economy, except at the margins, in spite of increased livestock population, livestock exports, and the expansion of a relatively free market in this sector. The internationalization of livestock trade and livestock markets in Saudi Arabia in the 1970s and 1980s has significantly reduced the rate and value of monopoly profits which accrued to Somali livestock merchants since the 1950s and has severely limited the viability of the merchants solely in the sphere of exchange. Because of global and domestic forces, merchant capital in the livestock trade is currently faced with structural constraints that cannot be solved without its transformation into productive/industrial capital. Bibliogr., notes, sum. in French.