Monopolization, Exploitation, Business Disruption, Loss of Profits, and Unjust Enrichment—Siphoning the Benefits from Trade—The Case of Nigeria

Eboh C. Ezeani ()
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Eboh C. Ezeani: University of the District of Columbia

Chapter Chapter 8 in Accounting for Colonialism, 2023, pp 169-194 from Springer

Abstract: Abstract This paper presents a story of how economic resources were siphoned from NigeriaNigeria to the U.K. and to some other European countries through asymmetrical and unequal trade. The thesis is as follows 1. The pattern of trade which developed between Nigeria and Great Britain from the middle of the nineteenth century, and which continued until 1966, was “asymmetrical” and “unequal.” 2. The surplus from the trade was primarily appropriated by Great Britain, by other Europeans, and non-Europeans, and 3. The surplus was spent in activities having few or no linkages with Nigerian economy and, hence greatly contributed to the underdevelopment of Nigeria during this period.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-32804-6_8

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DOI: 10.1007/978-3-031-32804-6_8

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