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Money and Power Great Predators in the Political Economy of Development_4

MONEY AND POWER everyday life of their citizens in a discrete locality of global capitalism, while the canopy is the apparently ephemeral space of the globalisation age, promising as it does comprehensive connectivity and inclusion for all. This book has no substantive business with the finer points of the globalisation debate (which can be reviewed in Bisley (2007)) or in studying the dizzying technologies and possibilities of the canopy, since the subject here is the soil below. The methodology of this book is empirical enquiry.4 It has a similar view to Ferguson’s seminal essay ‘Seeing Like an Oil Company’ (2005), where. | MONEY AND POWER Within the colonial period the imperial power and the local territorial administration made markets work in favour of the occupier under the conditions of the Colonial Diktat or contract which specified controls on trade and investment which might compete favourably with the metropole s manufacture. Milanovic summarises these terms showing that autochthonous industrial development was effectively precluded since a colonies could import only products from the metropolis and tariff rates must be low normally 0 b colonial export could be made to the metropolis only from which they could be reexported c production of manufactured goods that could compete with products of the metropolis was banned and d transport between colony and metropolis is conducted only on metropolis ships. 2003 671-2 citing Bairoch 1997 vol. 2 665-9 The aim was to prevent industrial competition in the occupied territories and make the market conform to metropolitan interests. The issue of the construction and pricing of markets was already a feature of the early teething problems of the CDC who drew attention to the lack of uniformity in Colonial Taxation systems to Land Tenure policies which in some cases discourage high capital investment and to the high cost often unavoidable of public utility services roads and other engineering works in the Colonies. CDC 1949 7 The CDC was already aware of the more particular interests of the primary producers who they would employ when they term the policy of His Majesty s Government as somewhat obscure despite the fundamental importance of markets and prices for Colonial products . They suggest however complex the factors involved that the government be required to pay closer consideration to the relative place in the UK markets of the primary producers of the United Kingdom Dominions Colonial territories and foreign countries CDC 1949 7 . In the post-war colonial period risk was managed in the colonies by trading patterns which .