The Enclave Economy: Foreign Investment and Sustainable Development in Mexico's Silicon Valley / Edition 1

The Enclave Economy: Foreign Investment and Sustainable Development in Mexico's Silicon Valley / Edition 1

by Kevin P. Gallagher, Lyuba Zarsky
     
 

ISBN-10: 0262572427

ISBN-13: 9780262572422

Pub. Date: 08/31/2007

Publisher: MIT Press

Foreign investment has been widely perceived as a panacea for developing countries--as a way to reduce poverty and kick-start sustainable modern industries.
The Enclave Economy calls this prescription into question, showing that Mexico's post-NAFTA experience of foreign direct investment in its information technology sector, particularly in the Guadalajara

Overview

Foreign investment has been widely perceived as a panacea for developing countries--as a way to reduce poverty and kick-start sustainable modern industries.
The Enclave Economy calls this prescription into question, showing that Mexico's post-NAFTA experience of foreign direct investment in its information technology sector, particularly in the Guadalajara region, did not result in the expected benefits. 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: the social, economic, and environmental effects of market-driven globalization. In the 1990s, Mexico was a poster child for globalization, throwing open its borders to trade and foreign investment, embracing NAFTA, and ending the government's role in strengthening domestic industry. But The Enclave Economy shows that although Mexico was initially successful in attracting multinational corporations, foreign investments waned in the absence of active government support and as China became increasingly competitive. Moreover, the authors find that foreign investment created an "enclave economy" the benefits of which were confined to an international sector not connected to the wider Mexican economy. In fact, foreign investment put many local IT firms out of business and transferred only limited amounts of environmentally sound technology. The authors suggest policies and strategies that will enable Mexico and other developing countries to foster foreign investment for sustainable development in the future. Kevin P.
Gallagher is Assistant Professor of International Relations at Boston University and
Senior Researcher at the Global Development and Environment Institute at Tufts
University. He is the author of Free Trade and the Environment: Mexico, NAFTA, and
Beyond and other books. Lyuba Zarsky is a Consultant and Senior Research Fellow at the Global Development and Environment Institute. She is a contributing editor of
Investment for Sustainable Development: Balancing Rights and Rewards.

Product Details

ISBN-13:
9780262572422
Publisher:
MIT Press
Publication date:
08/31/2007
Series:
Urban and Industrial Environments
Edition description:
New Edition
Pages:
224
Product dimensions:
6.00(w) x 9.00(h) x 0.43(d)
Age Range:
18 Years

Table of Contents


Introduction     1
The Promise of FDI for Sustainable Development     13
The Emergence of Mexico's Enclave Economy     43
Globally Networked, Environmentally Challenged: A Profile of the IT Industry     71
Wired for Sustainable Development? IT and Late Industrialization     99
Mexico's Bid for a Place in the Global IT Industry     121
Silicon Dreams, Mexican Reality     139
Importing Environmentalism?     159
Beyond the Enclave Economy     177
Notes     193
Bibliography     197
Series List     209
Index     211

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