“From Cold War to the Washington Consensus: Evolution of Multinational Corporations’ Strategies in Chile,”
Description
The relationship between rich-world multinationals and Latin American societies has been a complicated one. These firms have repeatedly pointed as representatives of imperialism and exploitation and have dealt with the hostility of different segments of the domestic societies at different times. This paper analyzes the evolution of the strategies of several American and European corporations in Chile for a period encompassing an era of big changes: from an era of development policies dominated by protectionism led by a civilian government, to a period rule of a right-wing open market friendly military dictatorship, to an era of democratization and a market friendly regime. Focusing on the experience of the telecommunications multinationals, this chapter shows the different strategies these firms had to develop, the challenges, and the differences according to country of origin.