Domestic Politics and Foreign Investment: British Development of Mexican Petroleum

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Domestic Politics and Foreign Investment: British Development of Mexican Petroleum

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dc.creator Brown, Jonathan C.
dc.date.accessioned 2010-10-29T22:29:19Z
dc.date.available 2010-10-29T22:29:19Z
dc.date.created 1987
dc.date.issued 2010-10-29
dc.identifier.uri http://hdl.handle.net/2152/8953
dc.description.abstract How do host country politics affect foreign business interests? Tbis question is so complex that, while recognizing some influence, historians still concentrate on profit-making and market forces in order to analyze foreign investment, the growth of the firm, and the economic performance of less developed countries. Those concerned more with the reasons for business expansion at the source rather than at the destination seldom consider the relationsbip between host-country politics and foreign investment. Others who do ponder the relationship may emphasize either the domination of local elites by foreign interests or the role of the state in promoting development. Scholarly analysis of the 'politics of modernization' most often centers on economic policies. The tendency is to assume that economic forces in and of themselves elplain economic performance -whether one sees that performance in positive or pathological terms. The competition for domestic politicial power becomes a mere by-product of the profit-making (or capital accumulation) of the foreigners. In other words, economic policy is mistaken for politics. The first represents the government's priorities for the spending of scarce public capital and the other, potitics, is the struggle among power contenders to gain and maintain control of the government.
dc.relation.ispartofseries Texas Papers on Latin America;87-02
dc.subject Mexico
dc.subject Petroleum Industry
dc.subject Politics
dc.subject Economics
dc.title Domestic Politics and Foreign Investment: British Development of Mexican Petroleum
dc.description.department Latin American Studies

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