haku: @indexterm South America / yhteensä: 100
viite: 10 / 100
| Tekijä: | Bucheli, M. Aguilera, R.V. |
| Otsikko: | Political survival, energy policies, and multinational corporations. A historical study for Standard Oil of New Jersey in Colombia, Mexico, and Venezuela in the twentieth century |
| Lehti: | Management International Review
2010 : VOL. 50:3, p. 347-378 |
| Asiasana: | foreign investment direct investment multinational companies oil industry energy policy international political economy politics theories South America |
| Vapaa asiasana: | FDI governments |
| Kieli: | eng |
| Tiivistelmä: | Drawing on the selectorate theory and detailed historical research, this study aims to explain how a government (hereafter as: gvnt.) relationship with foreign multinationals will depend on the strategies followed by the host country's (here as: h-c.) ruler to assure his/her political survival. Focusing in three oil-exporting countries, that is, Colombia, Venezuela, and Mexico and one firm, that is, Standard Oil Company of New Jersey, U.S. during the 20th century, it is shown that oil rents are a valuable resource for the h-c.'s ruler to assure the loyalty of his/her winning coalition. It is argued that a gvnt. depending on a small winning coalition will use oil rents as a private good to be distributed among those close to the ruler, while a gvnt. trusting large coalitions will use oil rents as public goods to be distributed among the population. When acting against foreign multinationals, the host gvnt. is restricted by the political power of the firms' home-c. over the h-c. and by the relationship btw. the firm and its home-c. Finally, it is shown that shared political agendas btw. host and home gvnt.(s) give the host gvnt. more space to function against foreign firms. |
SCIMA