Multinational Corporations, Business Groups, and Economic Nationalism: Standard Oil (New Jersey), Royal Dutch-Shell, and Energy Politics in Chile 1913-2005
Description
This article analyzes the long-term strategies employed by national oil corporations in a late industrializing country powerful business groups when faced with economic n ism. I study the case of Royal Dutch-Shell in Chile fro to 2005, where two oil multinationals controlled 100 perc the Chilean market until forced by the government to ac domestic private company, COPEC, into a new three-m cartel. The multinationals accepted this arrangement reluct but in the long term it proved beneficial. COPEC's involvem Chilean business groups protected the multinationals from tile actions by the government and gave legitimacy to the cartel.