The Response of the Multinational Companies
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The success of the Caribbean bauxite producer nations on a second major NIEO front — achieving a higher rate of return on raw material exports — was traced in the previous chapter. For Jamaica and some other IBA members this involved the concerted introduction in 1974 of a tax on bauxite, in effect raising both the price of bauxite to consumers and the revenues for producer governments. As I have shown, the aluminium multinationals seem to have passed on these price increases; so much so that by 1977–8 their profits were at all time highs.
KeywordsDominican Republic Multinational Company Producer Government Aluminium Industry Aluminium Ingot
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