From Trade to Investment

Geoffrey Jones

in Merchants to Multinationals

Published in print March 2002 | ISBN: 9780199249992
Published online November 2003 | e-ISBN: 9780191596483 | DOI:
 From Trade to Investment

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This chapter examines the diversification of British trading companies into foreign direct investment in natural resources, manufacturing, and other activities between 1870 and 1914. They built on knowledge and contacts within their host economies to create diversified business groups. There were considerable inter‐firm differences in performance, but profitability was often high.

Keywords: business groups; contacts; diversification; foreign direct investment; knowledge; manufacturing; natural resources; performance; profitability; trading company

Chapter.  17974 words.  Illustrated.

Subjects: Economic History

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