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Pioneers for Profit

Foreign Entrepreneurship and Russian Industrialization, 1885-1913

Foreign investment increased from 17 percent of the capital of industrial corporations in Imperial Russia in 1880 to 47 percent in 1914, coinciding with the rapid development of Russian industrialization before World War I. John McKay’s study, based largely on intensive research in numerous archives and utilizing many previously unexplored private business records, is the first detailed analysis of the impact of foreign enterprise on Russian industry during this period. His conclusions are significant for historians, economists, and those interested in the development of modern industrial society.

456 pages | © 1970

History: European History

Table of Contents

List of Maps
Part I. Dimensions of Entrepreneurship
1. Introduction
2. Entrepreneurs: Sources and Types
3. The Basic Strategy
4. Advanced Technology in Steel and Coal
5. Patterns of Management
6. The Mobilization of Capital
7. The Problem of Labor
8. Relations with State and Society
Part II. Case Studies and Conclusions
9. A Pioneering Innovator: The John Cockerill Company in Southern Russia, 1885-1905
10. Boom-Time Speculation: The Rykovskii Coal Company
11. The Huta-Bankova Steel Company and the Bonnardel Group
12. Toward Passive Investment: The Banque de L’union Parisienne and the Bogatyr Rubber Company, 1910-1914
13. Conclusions

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