Services on Demand
Journal
Article
Indicators
- Cited by SciELO
- Access statistics
Related links
- Similars in SciELO
Share
Norteamérica
On-line version ISSN 2448-7228Print version ISSN 1870-3550
Abstract
GALINDO RODRIGUEZ, José. The Origin of Crony Capitalism in Modern Mexico And Its Current Impact on Foreign Direct Investment. Norteamérica [online]. 2021, vol.16, n.2, pp.209-250. Epub Apr 04, 2022. ISSN 2448-7228. https://doi.org/10.22201/cisan.24487228e.2021.2.467.
This article analyzes the extent to which crony capitalism (CC) affects international business activities. By using the case of Canadian companies investing in mining in Mexico, the author explains how cc impacts foreign direct investment, arguing that it does not imply negative consequences for international business activities if other variables are controlled domestically. Crony capitalism could even generate positive incentives for foreign investors since it deepens corruption internally. This type of corruption does not elevate the risk perceived by foreign investors if the process of doing business in Mexico is under the control of domestic power groups.
Keywords : crony capitalism; mining; foreign direct investment; Mexico; Canada.