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Unfinished legacy: understanding reciprocity, business groups and MNCs in Latin America

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  • Ben Ross Schneider

Abstract

Three core topics in Alice Amsden’s work have special relevance for the analysis of development in Latin America. First, relationships of reciprocity were prominent in developmental states of East Asia where governments provided firms with large subsidies in return for exacting performance standards. Reciprocity was weak or absent in many industrial policies in Latin America. Second, Amsden emphasised the central role of diversified, family-owned business groups in the industrialisation of East Asia. Business groups also predominate in Latin America though they tend to be risk-averse portfolio groups. Third, while East Asian countries limited entry by multinational corporations, they dominate many manufacturing sectors in Latin America.

Suggested Citation

  • Ben Ross Schneider, 2017. "Unfinished legacy: understanding reciprocity, business groups and MNCs in Latin America," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 111-125.
    • Handle: RePEc:oup:cjrecs:v:10:y:2017:i:1:p:111-125.
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    1. Judith Clifton & Amy Glasmeier & Alpen Sheth, 2017. "Revisiting development theory: Alice H. Amsden’s impact on the field," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 3-14.

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    Keywords

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    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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