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The Enclave Economy ― Foreign Investment and Sustainable Development in Mexico's Silicon Valley
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The Enclave Economy ― Foreign Investment and Sustainable Development in Mexico's Silicon Valley

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Foreign investment has been widely perceived as a panacea for developingcountries--as a way to reduce poverty and kick-start sustainable modern industries. The EnclaveEconomy calls this prescription into question, showing that Mexico's post-NAFTA experience offoreign direct investment in its information technology sector, particularly in the Guadalajararegion, did not result in the expected benefits. Charting the rise and fall of Mexico's"Silicon Valley," the authors explore issues that resonate through much of Latin Americaand the developing world: the social, economic, and environmental effects of market-drivenglobalization. In the 1990s, Mexico was a poster child for globalization, throwing open its bordersto trade and foreign investment, embracing NAFTA, and ending the government's role in strengtheningdomestic industry. But The Enclave Economy shows that although Mexico was initially successful inattracting multinational corporations, foreign investments waned in the absence of active governmentsupport and as China became increasingly competitive. Moreover, the authors find that foreigninvestment created an "enclave economy" the benefits of which were confined to aninternational sector not connected to the wider Mexican economy. In fact, foreign investment putmany local IT firms out of business and transferred only limited amounts of environmentally soundtechnology. The authors suggest policies and strategies that will enable Mexico and other developingcountries to foster foreign investment for sustainable development in the future. Kevin P. Gallagheris Assistant Professor of International Relations at Boston University and Senior Researcher at theGlobal Development and Environment Institute at Tufts University. He is the author of Free Trade andthe Environment: Mexico, NAFTA, and Beyond and other books. Lyuba Zarsky is a Consultant and SeniorResearch Fellow at the Global Development and Environment Institute. She is a contributing editor ofInvestment for Sustainable Development: Balancing Rights and Rewards.

作者簡介

Lyuba Zarsky is Associate Professor of International Environmental Policy at the Monterey Institute for International Studies and Senior Research Fellow at the Global Development and Environment Institute, Tufts University. She is a contributing editor of Investment for Sustainable Development: Balancing Rights and Rewards.

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