Concentration and Diversification

Geoffrey Jones

in Merchants to Multinationals

Published in print March 2002 | ISBN: 9780199249992
Published online November 2003 | e-ISBN: 9780191596483 | DOI:
 Concentration and Diversification

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Between 1945 and 1979, British trading companies continued to ‘re‐invent’ their strategies, by trading in more specialized products, such as automobiles, and from investment in manufacturing, and to benefit from the formatting asymmetries and accumulated knowledge and contacts. They almost disappeared from South Asia and Latin America, but expanded in South and Southeast Asia and Africa. A process of concentration sharply reduced the number of trading firms.

Keywords: Africa; Asia; asymmetric information; automobiles; concentration; investment; Latin America; manufacturing

Chapter.  18865 words.  Illustrated.

Subjects: Economic History

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