From: glevy@PRATT.EDU
Date: Mon Sep 10 2007 - 13:50:17 EDT
>>The Enclave Economy: >Foreign Investment and Sustainable Development in Mexico's Silicon Valley* > >By Kevin P. Gallagher and Lyuba Zarsky > >MIT Press, 214 pages, September 2007: $21.00/£13.95 (PAPER) > >Foreign investment has been widely presented as a panacea for developing >countries, a way to create good jobs, reduce poverty, and kick-start >sustainable modern industries. /The Enclave Economy/ calls this >prescription into question. The authors show that Mexico's post-NAFTA >success in attracting foreign direct investment to its information >technology sector, particularly in the Guadalajara region, did not >translate into the promised, social, economic, and environmental > benefits. Foreign investment created an "enclave economy" the benefits > of which were confined to an international sector not connected to the > wider Mexican economy. 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. > >For more on /The Enclave Economy,/ and to order: <http://www.ase.tufts.edu/gdae/Pubs/rp/EnclaveEconomy.html>
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