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Consisting of country case studies and comparative analyses from Latin American and US based political economists, this volume examines the recent history of foreign investment for development in Latin America in the context of the current backlash against ‘Washington Consensus’ policies. These essays form the broad conclusion that foreign direct investment fell far short of generating the necessary linkages for sustainable economic development.
'Recommended.' —J. H. Cobbe, Florida State University, ‘Choice’
Foreword by José Antonio Ocampo; FDI and Sustainable Development in the Americas; Is Foreign Investment Always Good for Development?; Islands of Possibility; Foreign Investment and the Polarization of the Mexican Economy; A Missed Opportunity; Foreign Investment and Economic Development in Costa Rica; Investment Rules and Sustainable Development; Foreigners in the Forests; Bucking the Trend; Beyond Pollution Haloes; Missing Links, Dashed Hopes