Private Equity: Factor of economic development or new form of colonialism? The case of Maghreb[Research paper] by Gaëtan Irrmann

2008-11-22

The author was part of the "Alternative Management" third year program in HEC Paris in 2007/2008.

What is Private Equity (PE)? What are the mechanisms of its expansion? Does it contribute to the economic growth of emerging countries or is it rather a new form of colonialism? The purpose of this paper is to analyse the underlying elements behind the evolution of PE. PE being considered as a booster of the private sector, it has been advocating by both development finance institutions and local authorities and has therefore expanded rapidly in emerging economies. The growth of PE in Maghreb seems to confirm the existence of synergies between PE firms' need to find new opportunities and the problems faced by emerging economies. However, by accelerating the mutation of these countries, PE increases the grip of globalization on them and can thus be seen as a new form of colonialism.

Quote article  Gaëtan Irrmann, « Private Equity: Factor of economic development or new form of colonialism? The case of Maghreb », 22 november 2008, Alternative Management Observatory (AMO), [Research paper]
http://appli6.hec.fr/amo/Articles/Entry/Item/73.sls

In the same section

The economics of functionality, a solution for combating the environmental degradation of the planet? - by Dominique Bourg

[Proceedings]

[Proceedings] : Dominique Bourg

How to face the environmental challenges which threaten our planet and fight against climate changes produced by our current system of resource exploitation? Dominique Bourg presents the principles of the economics of functionality, a system which, by substituting the leasing of goods for their...

>>Read more

The Right to Useful Unemployment Postface of Tools for Conviviality - by Ivan Illich

[Reading report]

[Reading report] : Claire-Isabelle Roquebert

People have to appeal to a doctor to treat themselves, to a teacher to receive a diploma, to an architect to build their houses, to a lawyer to break up with their spouses… That is nothing but the the elite of Professions protecting their privileges. The over-marketisation of society benefits...

>>Read more

Meaning in work: in what sense does a professional reorientation restore meaning to work?

[Essay]

[Essay] : Yann Auger, Sarah de Barthès, Yann Devaux, Vaïté Leprince-Ringuet

This document is the synthesis of an investigation researching professionals who changed jobs. The main issue was first, to determine to what extent the search for meaning entails a retraining, then to know if this reemployment eventually does give rise to the meaning that has been sought after,...

>>Read more

Lafuma, an exemple of enterprise that has integrated sustainable development at the level of its industrial processes - by Philippe Joffard

[Proceedings]

[Proceedings] : Philippe Joffard

The Lafuma Group is specialised in sportswears and sport and open air equipment. Starting in 1992, Philippe Joffard begins to implement an eco-conception strategy, first intuitively, then more systematically, convincing gradually all the company's personnel. Why do good economics and good ecology...

>>Read more

The new social criticism - by the Collectif République des Idées

[Reading report]

[Reading report] : Françoise d'Estais

This book is a compendium of six articles that were published in Le Monde between November 2005 and April 2006, a text by Martin Hirsch and an introduction by Pierre Rozanvallon and Thierry Pech.The authors postulate that the French social unrest relies on the inability to set and decipher the...

>>Read more

With the same doctype

Research paper

From hell to heaven: the imaginary of... This thesis raises the question of the... by F. Garcias
Corporate involvement for local... Many private initiatives for the... by Domitille de la Morinerie
FabLabs, Makerspaces: New Forms of... Created more than ten years ago by the... by François Bottollier-Depois
Arbalange, an end to the single use of... Arbalange sells « textile » diapers... by Audrey Boulkaid
Conditions for the sustainability of... A cultural brownfield can be defined as... by Marianne Rauche
French higher education towards equal... Whereas social inequalities of access... by Nicolas Charles
“Provoking (the right) titles” - by... The co-director at Max Milo editions as... by Luis de Miranda
Development of micro-insurance in... This research studies the development... by Marie Baranger and Cécile Roussel
The Resort to Belgium of French people... Facing a major lack of appropriate... by Elsa Walwer
Which sustainable development for... Confronted with global warming and the... by Claire Nativel