LLUCH Andrea Mari
Business opportunities and risks in growing markets: Multinationals in Argentina during the first half of the twentieth century
LLUCH ANDREA; LANCIOTTI NORMA
Management & Organizational History
Taylor & Francis Online
Lugar: Londres ; Año: 2015 vol. 10 p. 1 - 1
This article analyzes the global and local factors that shaped Foreign Direct Investment in Argentina and the strategies of foreign multinationals to adapt to challenging circumstances and to exogenous shocks from the early twentieth century to the emergence of a new global economy in the 1950s. The central argument of this article is that Argentina was a host economy wide open to foreign investments, not only in the first globalization period but also after the 1930 crisis, as the global economy started to crumble. Foreign firms viewed Argentina as a growing economy offering diverse business opportunities at different periods, with the exception of the interregnum of WWII and the Peronist administration, when financial and political risks appeared. The discussion draws from a different approach to the more traditional stock-flows FDI analyses, relying on a new database of foreign-controlled companies that operated in Argentina in the twentieth century (FCAD).