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Title: | Restrictions on Foreign Ownership of Manufacturing Industry in a Less Developed Country: The Case of Ghana |
Authors: | Solomon, Robert F. Forsyth, David J.C. |
Year: | 1978 |
Periodical: | Journal of Developing Areas |
Volume: | 12 |
Issue: | 3 |
Period: | April |
Pages: | 281-297 |
Language: | English |
Geographic term: | Ghana |
Subjects: | business Africanization foreign enterprises Economics and Trade Development and Technology |
External links: | https://www.jstor.org/stable/4190580 http://search.proquest.com/pao/docview/1311637169 |
Abstract: | In 1970 Ghana passed the Business (Promotion) Act imposing controls on the foreign ownership of manufacturing establishments. On the basis of a detailed empirical analysis of the choice of technology by different ownership groups in Ghana, it is argued that such legislation may well have effects on employment opposite to those desired, and in certain cases employment may decline when industries are Ghanaianised. Moreover, the shift in ownership may throw a heavy strain on local supplies of skilled labour. Unless policy formulation vis-a-vis the foreign-owned sector can be, and is, carried out with the benefit of detailed prior study of the impact of the intended legislation, the ultimate consequences of official intervention may differ radically from those intended. Notes, tab., appendix giving details of the indigenization legislation. |