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Liberalization Policies and Foreign Companies in Accra, Ghana

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  • Richard Grant

    (Department of Geography and Regional Studies, University of Miami, Coral Gables, FL 33124–2060, USA)

Abstract

Globalization in the periphery of the world economy is a poorly understood phenomenon. Africa is stereotypically ‘excluded’ from globalization, and research has not clarified that general negative assessment for specific places in Africa. To redress this deficiency, I examine globalization empirically from the ground upwards through an analysis of foreign companies. Primary and secondary data were collected at the local level to examine the nature and extent of foreign corporate activity in Accra, Ghana. The evidence points to growing inclusion in, rather than exclusion from, the world economy, to increasing service-sector rather than extractive-sector investment, and to foreign companies producing for local and regional markets as well as for international markets. Foreign companies employ a range of strategies to embed themselves in the local market: establishing joint ventures, developing local products, joining national stock markets, and historicizing their presence in the market. This study reemphasizes the need for place-specific fieldwork to enable us to make accurate statements about globalization in particular locations.

Suggested Citation

  • Richard Grant, 2001. "Liberalization Policies and Foreign Companies in Accra, Ghana," Environment and Planning A, , vol. 33(6), pages 997-1014, June.
    • Handle: RePEc:sae:envira:v:33:y:2001:i:6:p:997-1014
    DOI: 10.1068/a33144
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    References listed on IDEAS

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    1. Gavin Shatkin, 1998. "‘Fourth World’ Cities in the Global Economy: The Case of Phnom Penh, Cambodia," International Journal of Urban and Regional Research, Wiley Blackwell, vol. 22(3), pages 378-393, September.
    2. John Williamson, 1994. "The Political Economy of Policy Reform," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 68, January.
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    Cited by:

    1. Bezemer, Dirk & Dulleck, Uwe & Frijters, Paul, 2005. "Social Capital, Creative Destruction and Economic Development," Research Report 05C09, University of Groningen, Research Institute SOM (Systems, Organisations and Management).
    2. Godwin Boateng, Festival, 2021. "A critique of overpopulation as a cause of pathologies in African cities: Evidence from building collapse in Ghana," World Development, Elsevier, vol. 137(C).
    3. Dirk Bezemer & Uwe Dulleck & Paul Frijters, 2003. "Contacts, Social Capital and Market Institutions - A Theory of Development," Vienna Economics Papers vie0311, University of Vienna, Department of Economics.
    4. Richmond J. Ehwi & Lewis A. Asante, 2016. "Ex-Post Analysis of Land Title Registration in Ghana Since 2008 Merger," SAGE Open, , vol. 6(2), pages 21582440166, April.
    5. Uwe Dulleck & Dirk J. Bezemer & Paul Frijters, 2004. "Social Capital, Creative Destruction and Economic Growth," Vienna Economics Papers 0406, University of Vienna, Department of Economics.
    6. David Simon, 2003. "Dilemmas of development and the environment in a globalizing world: theory, policy and praxis," Progress in Development Studies, , vol. 3(1), pages 5-41, January.
    7. Lotta Moberg & Vlad Tarko, 2021. "Special economic zones and liberalization avalanches," Journal of Entrepreneurship and Public Policy, Emerald Group Publishing Limited, vol. 10(1), pages 120-139, February.
    8. repec:dgr:rugsom:05c09 is not listed on IDEAS
    9. Uwe Dulleck & Dirk J. Bezemer & Paul Frijters, 2004. "Social Capital, Creative Destruction and Economic Growth," Vienna Economics Papers vie0406, University of Vienna, Department of Economics.
    10. Isaac Luginaah & Godwin Arku & Philip Baiden, 2010. "Housing and Health in Ghana: The Psychosocial Impacts of Renting a Home," IJERPH, MDPI, vol. 7(2), pages 1-18, February.

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