IDEAS home Printed from https://ideas.repec.org/a/taf/bushst/v55y2013i5p818-839.html
   My bibliography  Save this article

Financing British manufacturing multinationals in Latin America, 1930-65

Author

Listed:
  • Rory M. Miller

Abstract

Most research on British business in Latin America has concentrated on the free-standing companies, such as the railways, which characterised British investment before 1914. Apart from Royal Dutch Shell, the most important new British investments thereafter were manufacturing companies, which steadily increased their presence in the region. Some began to arrive before 1914, but several more made significant investments between the wars, especially in Argentina and Brazil, with a further wave of new investment after 1945. This paper utilises corporate archives, as well as those of the British government and Bank of England, to investigate the financial aspects of their growth. While the provision of finance for fixed investments and working capital was relatively straightforward before World War II, thereafter it became more difficult due to government regulation on both sides of the Atlantic, leading to ingenious solutions to overcome financial challenges.

Suggested Citation

  • Rory M. Miller, 2013. "Financing British manufacturing multinationals in Latin America, 1930-65," Business History, Taylor & Francis Journals, vol. 55(5), pages 818-839, July.
    • Handle: RePEc:taf:bushst:v:55:y:2013:i:5:p:818-839
    DOI: 10.1080/00076791.2013.800971
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/00076791.2013.800971
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/00076791.2013.800971?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. repec:cte:whrepe:wp09-10 is not listed on IDEAS
    2. Cox, Howard, 2000. "The Global Cigarette: Origins and Evolution of British American Tobacco, 1880-1945," OUP Catalogue, Oxford University Press, number 9780198292210.
    3. Jones, Geoffrey, 2005. "Renewing Unilever: Transformation and Tradition," OUP Catalogue, Oxford University Press, number 9780199269433.
    4. Capie,Forrest, 2010. "The Bank of England," Cambridge Books, Cambridge University Press, number 9780521192828, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ryo Izawa, 2018. "Corporate Structural Change for Tax Avoidance: British Multinational Enterprises and International Double Taxation between the First and Second World Wars," Discussion Papers CRR Discussion Paper Series A: General 33, Shiga University, Faculty of Economics,Center for Risk Research.
    2. Avner Offer, 2013. "Narrow Banking, Real Estate, and Financial Stability in the UK, c.1870-2010," Oxford Economic and Social History Working Papers _116, University of Oxford, Department of Economics.
    3. Aikman, David & Bush, Oliver & Davis, Alan, 2016. "Monetary versus macroprudential policies causal impacts of interest rates and credit controls in the era of the UK Radcliffe Report," Bank of England working papers 610, Bank of England.
    4. Stephanie Decker & Matthias Kipping & R. Daniel Wadhwani, 2015. "New business histories! Plurality in business history research methods," Business History, Taylor & Francis Journals, vol. 57(1), pages 30-40, January.
    5. Bokor, László, 2007. "Optimality criteria of hybrid inflation-price level targeting," MPRA Paper 10278, University Library of Munich, Germany, revised Jul 2008.
    6. C.A.E. Goodhart, 2014. "Competition and Credit Control," FMG Special Papers sp229, Financial Markets Group.
    7. Goodhart, Charles A. E. & Needham, Duncan J., 2018. "Historical reasons for the focus on broad monetary aggregates in post-World War II Britain and the ‘Seven Years War’ with the IMF," LSE Research Online Documents on Economics 87364, London School of Economics and Political Science, LSE Library.
    8. Alain Naef, 2021. "Dirty float or clean intervention? The Bank of England in the foreign exchange market," European Review of Economic History, European Historical Economics Society, vol. 25(1), pages 180-201.
    9. Alan M. Taylor, 2015. "Credit, Financial Stability, and the Macroeconomy," Annual Review of Economics, Annual Reviews, vol. 7(1), pages 309-339, August.
    10. Holden Chris & Lee Kelley & Fooks Gary Jonas & Wander Nathaniel, 2010. "The Impact of Regional Trade Integration on Firm Organization and Strategy: British American Tobacco in the Andean Pact," Business and Politics, De Gruyter, vol. 12(4), pages 1-32, December.
    11. Blancheton, Bertrand, 2016. "Central bank independence in a historical perspective. Myth, lessons and a new model," Economic Modelling, Elsevier, vol. 52(PA), pages 101-107.
    12. Monnet, Eric & Puy, Damien, 2020. "Do old habits die hard? Central banks and the Bretton Woods gold puzzle," Journal of International Economics, Elsevier, vol. 127(C).
    13. Jacqueline Mees-Buss & Catherine Welch & D. Eleanor Westney, 2019. "What happened to the transnational? The emergence of the neo-global corporation," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(9), pages 1513-1543, December.
    14. Calomiris, Charles W. & Flandreau, Marc & Laeven, Luc, 2016. "Political foundations of the lender of last resort: A global historical narrative," Journal of Financial Intermediation, Elsevier, vol. 28(C), pages 48-65.
    15. Teresa da Silva Lopes & Mark Casson & Geoffrey Jones, 2019. "Organizational innovation in the multinational enterprise: Internalization theory and business history," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(8), pages 1338-1358, October.
    16. Avner Offer, 2017. "The market turn: from social democracy to market liberalism," Economic History Review, Economic History Society, vol. 70(4), pages 1051-1071, November.
    17. Eric Monnet & Miklos Vari, 2023. "A Dilemma between Liquidity Regulation and Monetary Policy: Some History and Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 55(4), pages 915-944, June.
    18. Bordo, Michael & Monnet, Eric & Naef, Alain, 2019. "The Gold Pool (1961–1968) and the Fall of the Bretton Woods System: Lessons for Central Bank Cooperation," The Journal of Economic History, Cambridge University Press, vol. 79(4), pages 1027-1059, December.
    19. Andrew David Allan Smith, 2014. "A successful British MNE in the backyard of American big business: Explaining the performance of the American and Canadian subsidiaries of Lever Brothers 1888-1914," Business History, Taylor & Francis Journals, vol. 56(2), pages 135-160, March.
    20. Mila Davids & Koen Frenken, 2015. "Proximity, knowledge base and the innovation process: The case of Unilever’s Becel diet margarine," Papers in Evolutionary Economic Geography (PEEG) 1504, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised Feb 2015.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:bushst:v:55:y:2013:i:5:p:818-839. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/FBSH20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.