FDI & social conflict

John Gulick john_gulick at hotmail.com
Wed Nov 6 13:09:21 PST 2002

Maybe it's only one case-study, but the in the July-August _NLR_ Geisa Mareia Rocha does a nice job of documenting how Cardoso's neo-liberal "experiment" in Brazil, a major component of which was luring TNC FDI, actually strangled the rate of productive investment and export growth. The TNC's basically bought up existing capacity in Brazil's public and private sectors in order to monopolize domestic markets, no more, no less. With attendant nasty effects on employment and fuzzier social indicators, of course. If I recall correctly some comparisons are made with "dependent development," 1990's style, in Argentina, Mexico, and Chile (in descending order of basket case-ness).

John Gulick

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