A Business Analysis of the Partial Nationalization of Zambia's Copper Industry 1969-1981

William A Stoever
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William A Stoever: The Woodrow Wilson School, Princeton University

Journal of International Business Studies, 1985, vol. 16, issue 1, 137-163

Abstract: The Zambian government' 51% nationalization of the country's copper mines in 1969 was motivated partly for economic purposes—a kind of learning-by-doing was anticipated—and partly for political reasons. It appears that the Zambians did obtain a semblance of managerial control and “national ownership,” but at a very high financial price. The article estimates that the direct revenue loss was over $1 billion through 1981, not counting various disguised costs. The findings are based primarily on an in-depth analysis of the mining companies' annual reports from 1964 through 1981.© 1985 JIBS. Journal of International Business Studies (1985) 16, 137–163

Date: 1985
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