Abstract
Britain' direct investment overseas has become the subject of debate. Not only is much more known about British multinationals, but the concepts of investment groups and free-standing companies have further enriched the discussions. This study examines an example of British capital export – to the Brazilian coffee trade before and after the First World War. The case study illustrates the difficulties in developing typologies for direct investment abroad, and it also considers the managerial and organisational problems facing such companies for the businessmen who developed them. Further, the article speculates that the retreat of British commercial enterprise from Latin America before 1914 may have been more selective than was once thought.
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