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


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]

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