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Book Review Matthew J. Bellamy, Profiting the Crown: Canada’s Polymer Corporation, 1942-1990 (McGill-Queen’s University Press, 2005) Abstract This paper discusses the insightful review of Matthew Bellamy on a multinational company Polymer that began while Canada was in duress and in dire need of rubber that had been cut off due to World War II…
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Download file to see previous pages... Bellamy also looks at some of the rough times that the company underwent but still managed to emerge as a strong multinational company able to compete favorably with the US, which had some of the strongest and the best rubber companies in the world. Bellamy presents the book in a logical and sequential manner with substantial arguments. There is also an in-depth analysis of Polymer Corporation and its succession. The government’s role in the company is also widely speculated and emphasized by Bellamy. Introduction Profiting the Crown written by Matthew Bellamy is an interesting book covering a Canadian rubber company, the Polymer Corporation. The company, established in 1942, was the main sole producer of rubber in Canada. The government of Canada fully funded a major company in this time of duress. The company came into operation at a time when the country was suffering from the effects of World War II and needed to supplement the rubber after the oversees countries experiencing the war stopped exporting rubber. Canada, as per the time, relied mostly on other countries for most of its resources, including rubber. The company was opened in Sarnia, Ontario, fully funded by the Canadian government. ...
The preface of the book contains the background information about Polymer Corporation. The key objectives are also mentioned in the book in the preface. One of the major objectives is to determine the role and challenges that politics and government policies offer to such companies. In chapter one of this review by Bellamy, a brief history of Canada is mentioned as well as its dependence on resources from other countries. This kind of dependence is what led to the formation of the company after foreign supplies had been cut off due to World War II. Rubber was a major input material that was used in the automobile industry, but Europe failed to see its importance and, therefore, neglected its production. Most of the European countries depended on East Asia for production of rubber. Japan was producing almost half of the world’s rubber during this time before it was engaged in war. In chapter two, Bellamy talks about the insightful formation of the company after the American attacked Japan in World War II. Japan was a major supplier of rubber as per that time. Under the hand of President McKenzie, the firm was established at a cost of $50 million. Bellamy discusses the company’s head of department of munitions and supply manager and his role in propelling the company past the post-war era. His ability to make wise and swift decisions is greatly praised by Bellamy since without him, government domineering would have led to the closure and eventual collapse of the company a long time ago. Bellamy raises the question of the company’s objective after the war since its inception was to deal with local demand and to supply the US with rubber during the war period. During this particular time, the quantity of rubber ...Download file to see next pagesRead More
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