Merchant Capital and the Roots of State Power in Senegal: 1930–1985

by Catherine Boone

• ISBN13: 9780521030397
• ISBN10: 0521030390
• Format: Paperback
• Copyright: 2006-11-02
• Publisher: Cambridge University Press

Summary

In most post-colonial regimes in sub-Saharan Africa, state power has been used to structure economic production in ways that have tended to produce economic stagnation rather than growth. In this book, Catherine Boone examines the ways in which the exercise of state power has inhibited economic growth, focusing on the case of Senegal. She traces changes in the political economy of Senegal from the heyday of colonial merchant capital in the 1930s to the decay of the neo-colonial merchant capital in the 1980s and reveals that old trading monopolies, commercial hierarchies and patterns of wealth accumulation were preserved at the cost of reforms that would have stimulated economic growth. Boone uses this case to develop an argument against analyses of political-economic development that identify state institutions and ideologies as independent forces driving the process of economic transformation. State power, she argues, is rooted in the material and social bases of ruling alliances.

Table of Contents

List of tables and figures

Preface and acknowledgements

Introduction

Capital and contingencies of post-colonial politics

The colonial market

Consolidation of a regime: neo-colonialism in the 1960s

Growth of Senegal's textile industry, 1960-1975

Reappropriation of the state: the 1970s

Demise of the Dakar textile industry

Conclusion: states, capital and capitalist states

Appendix: exchange rates

References

Index

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