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

Tourism, business and ethics : sustainable tourism and the French market

[Research paper]

[Research paper] : Romain Lhez

Sustainable tourism is a popular and widely discussed concept. These discussions often lead to gross distortion of reality. Simple questions are to be asked in order to make progress in the debate: Who is promoting sustainable tourism? What logic is underlying it? A comparative survey was carried...

>>Read more

Industrial ecology, a strategy combining the economic and environmental dimensions of sustainable development?

[Research paper]

[Research paper] : Elodie Payre

The purpose of this dissertation is to analyse a new business model, which takes into account environmental constraints, and to assess its economic relevance. Does it add value ? Industrial ecology, the concept studied in this paper, considers « the industrial system as a specific case of...

>>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

Proposal for a Regulation on European Social Entrepreneurship Funds

[Initiative]

[Initiative] : Marianne Rauche

The Proposal for a regulation on European Social Entrepreneurship Funds aims at improving the financing of social businesses with the creation of a European label for the funds investing in such businesses, and under certain requirements.

>>Read more

The Atlas of Migrants in Europe Critical geography of migration policies - by Olivier Clochard

[Reading report]

[Reading report] : Marion Coutel

This atlas draws a critical balance from European migration policies and from their human impacts. It explains key concepts and data, such as the European policy of visas, the activities of the Frontex agency, the functioning of the administrative detention centres, dynamics of control...

>>Read more

With the same doctype

Research paper

Different ways of fighting excess food... There are different ways of fighting... by Marie Mourad
The protestant ethic and the spirit of... This book studies how the protestant... by Alice de Rochechouart
Risk generation: how ans why protest... This thesis considers the Risk... by Pierre-Antoine Chiarelli
Emergence and consolidation of a norm... Palm oil today amounts for 30% of... by Emmanuelle Rica
Luxury and Sustainability:... Luxury and sustainability may seem at... by Aurélie Gillon
Social housing and energy saving in... As part of the building industry,... by Hélène Doutriaux
The smart-shrinkage of Detroit: between... In 2013, Detroit declares bankruptcy. ... by Maième Diop
Heeled-shoes in consulting firms:... This research focuses on the conscious... by Lauriane Delhay
Industry and Cooperation - by Jacques... After having introduced the Acome group... by Jacques de Heere
Corporate involvement for local... Many private initiatives for the... by Domitille de la Morinerie