[OPE-L] Limits to Foreign Investment in Mexico

From: glevy@PRATT.EDU
Date: Mon Sep 10 2007 - 13:50:17 EDT


>>The Enclave Economy:
>Foreign Investment and Sustainable Development in Mexico's Silicon Valley*
>
>By Kevin P. Gallagher and Lyuba Zarsky
>
>MIT Press, 214 pages, September 2007: $21.00/13.95 (PAPER)
>
>Foreign investment has been widely presented as a panacea for developing
>countries, a way to create good jobs, reduce poverty, and kick-start
>sustainable modern industries. /The Enclave Economy/ calls this
>prescription into question.  The authors show that Mexico's post-NAFTA
>success in attracting foreign direct investment to its information
>technology sector, particularly in the Guadalajara region, did not
>translate into the promised, social, economic, and environmental
> benefits. Foreign investment created an "enclave economy" the benefits
> of which were confined to an international sector not connected to the
> wider Mexican economy.  Charting the rise and fall of Mexico's "Silicon
> Valley," the authors explore issues that resonate through much of Latin
> America and the developing world.
>
>For more on /The Enclave Economy,/ and to order:
<http://www.ase.tufts.edu/gdae/Pubs/rp/EnclaveEconomy.html>


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