In This Review

Multinationals, the State, and Control of the Nigerian Economy
Multinationals, the State, and Control of the Nigerian Economy
By Thomas J. Biersteker
Princeton University Press, 1987, 344 pp.

In this thorough study of a major policy shift in black Africa's largest economy, the author scrutinizes the several phases of the "Nigerianization" of foreign enterprise. What emerges from his account is an impressive effort in policymaking, whose implementation, however, largely failed to achieve the increased control which was ostensibly its major goal. What Nigerianization did accomplish instead was a far-reaching redistribution of resources within Nigeria, and particularly a great increase in the state's economic role. Despite the important achievements of this major study, its lack of any real assessment of what the lengthy and costly process of nationalization meant to Nigeria's economic development-in terms either of productivity or learning-is disappointing.