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A Business Analysis of the Partial Nationalization of Zambia's Copper Industry 1969-1981


  • William A Stoever

    (The Woodrow Wilson School, Princeton University)


The Zambian government' 51% nationalization of the country's copper mines in 1969 was motivated partly for economic purposes—a kind of learning-by-doing was anticipated—and partly for political reasons. It appears that the Zambians did obtain a semblance of managerial control and “national ownership,” but at a very high financial price. The article estimates that the direct revenue loss was over $1 billion through 1981, not counting various disguised costs. The findings are based primarily on an in-depth analysis of the mining companies' annual reports from 1964 through 1981.© 1985 JIBS. Journal of International Business Studies (1985) 16, 137–163

Suggested Citation

  • William A Stoever, 1985. "A Business Analysis of the Partial Nationalization of Zambia's Copper Industry 1969-1981," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 16(1), pages 137-163, March.
  • Handle: RePEc:pal:jintbs:v:16:y:1985:i:1:p:137-163

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    Cited by:

    1. Stan du Plessis, 2011. "Nationalising South African mines: Back to a prosperous future, or down a rabbit hole?," Working Papers 17/2011, Stellenbosch University, Department of Economics.

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