Corporate political activity in less developed countries: The Volta River Project in Ghana, 1958-66

Stephanie Decker

Research output: Contribution to journalArticlepeer-review


The article expands existing categorisations of political and economic governance by including literature on less developed countries (LDCs). In four consecutive negotiations between the US multinational Kaisers and the US and Ghana governments in the early 1960s, it is argued that the company reached levels of influence that are at odds with existing explanations. In order to understand corporate political activities in LDCs, analysis needs to go beyond static factors (political risk) and include dynamic factors such as diplomatic relations and 'arenas of power', and consider the role of the investor's home country relative to the host economy.
Original languageEnglish
Pages (from-to)993-1017
Number of pages25
JournalBusiness History
Issue number7
Publication statusPublished - 14 Dec 2011

Bibliographical note

This is an electronic version of an article published in Decker, S 2011, 'Corporate political activity in less developed countries: the Volta River Project in Ghana, 1958-66', Business History, vol 53, no. 7, pp. 993-1017. Business History is available online at:


  • corporate political activities
  • Volta River Project
  • Kwame Nkrumah
  • Kaiser Aluminum and Chemicals Company
  • Ghana


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  • Humboldt University Berlin

    Stephanie Decker (Visiting lecturer)

    1 Sept 20091 Oct 2009

    Activity: Visiting an external institution typesVisiting an external academic institution

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