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Arthur L. Honiker, from “Brooklyn, New York,” reviewed American Business Abroad: Ford on Six Continents, first published in 1964, in the Autumn 1966 issue of the Business History Review. His review was sober, yet quite positive: “This is a thoroughly researched, straightforward account of the overseas expansion of the Ford Motor Company during the sixty years from its founding in 1903.” He praised the book's contextualization of “the vast economic and political changes in the world during that period” and “its objective evaluation of the consequences to the corporation, to the United States, and to the host nations from Ford's activities abroad” (Business History Review 40, no. 3 [1966]: 395).
This article explores the tendering process for the construction of the Tanzam oil pipeline during the mid-1960s. In addressing aspects of the political response to British investment overseas and the history of the British company Lonrho, it argues that the British government's determination to concentrate financial investments at home affected its ability to project its presence through supporting business overseas. In addition, the article suggests that the Zambian government demonstrated autonomy in awarding the tender.
The relationship between ownership and control of distant ventures has been a major topic in business history. This relationship prompted the creation of a specific organizational form, the freestanding company, particularly active in international business before World War I. The freestanding form and railway companies such as Companhia Real share the common characteristic of being stand-alone firms based on foreign direct investment (FDI), but their legal ownership and management strategy were different. The freestanding companies offshored legal ownership; Companhia Real offshored top management since it was incorporated in the country hosting FDI. This business configuration was usual in French investments across European peripheral countries. This article introduces a new concept into the current international business literature, emphasizing the polymorphous character of foreign investment before World War I.