Radical political regimes in the Americas and MNC responses: A conceptual model

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Abstract

This paper introduces a dynamic conceptual model to describe US multinational corporations' responses to radical political regime changes in contemporary Latin America. The model describes four stages in the MNC response process: (1) the nature of the radical revolution in the host nation; (2) the new economic paradigm created by the revolutionary government; (3) the adjustments and readjustments made by both parties (the state and MNC) within the newly defined rules; and (4) the end result or outcome of the re-positioning process. Moderating the impact of the creation of the new economic paradigm are the host nation's national history, the host nation's domestic actors, US hegemonic power, international actors and economic development models. Within this mix, both state and MNC power influence what each other wants and can get from the other. This leads to a "negotiated" outcome from whence the response from the MNC is made. The revolutionary regimes in Chile (1970-1973) and Nicaragua (1979-1990) are examined within the context of the proposed conceptual model.

Original languageEnglish
Pages (from-to)17-42
Number of pages26
JournalLatin American Business Review
Volume3
Issue number2
DOIs
StatePublished - 2002

Keywords

  • Chile (1970-1973)
  • Latin America
  • Nicaragua (1979-1990)
  • Radical political regimes
  • US MNCs

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