Private Enterprise, International Development, and the Cold War
Bibliographic Data
| ID | 12748498 |
|---|---|
| Authors | Ethan B Kapstein (0000-0002-3134-0361, Arizona State University, corresponding author) |
| Year | 2020 |
| Volume | 22 |
| Issue | 4 |
| Pages | 113-145 |
| Publication date | 2020-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Cold War Studies (JOURNAL) |
| Journal identifiers | ISSN: 1520-3972 • E-ISSN: 1531-3298 |
| Publisher | The MIT Press (PUBLISHER • US) |
| DOI | 10.1162/jcws_a_00967 |
| OpenAlex | W3113906872 |
| Language | EN |
| Citations received | 1 |
| References cited | 18 |
This article sheds light on the role of foreign direct investment as an instrument for economic development and, in turn, for the advancement of U.S. foreign policy goals during the Cold War. From the earliest days of the Cold War, and especially after the U.S.-Soviet competition for influence in the developing world began in the 1950s, the United States sought to promote private enterprise on behalf of U.S. goals. In the late 1940s and early 1950s, U.S. officials believed that foreign investment would suffice to fuel international development, obviating the need for official development assistance. These hopes, however, were largely disappointed. On the one hand, U.S.-based multinational companies preferred to invest in the industrial world; on the other hand, some Third World governments were uninterested in promoting private enterprise rather than state-led development. In part because foreign investment did not meet expectations, the U.S. government ended up elaborating an official foreign aid program instead
Business · Cold war · Competition (biology · Economic policy · Foreign direct investment · Foreign policy · Government (linguistics · International trade · Investment (military · Multinational corporation · Political science · Politics · Private enterprise · State (computer science · World War II · Asian Industrial and Economic Development · International Development and Aid · Law · State Capitalism and Financial Governance · Finance
The Political Economy of Import-Substituting Industrialization in Latin America
A Perfect (Free-Market) World? Economics, the Eisenhower Administration, and the Soviet Economic Offensive in Latin America
Explaining U.S. Relations with the Third World
Multinational Enterprise and Government Controls on Outward Foreign Direct Investment in the United States and the United Kingdom in the 1960s
An ‘Aladdin's lamp’ for free enterprise
The political economy of privatization in developing countries
The Tragedy of American Diplomacy
US grand strategy and the origins of the developmental state
Human rights and the distribution of U.S. foreign aid
American Business and Foreign Aid
U.S. Aid and Economic Progress in Taiwan
The Point Four Program and U.S. International Development Policy
The Ties that Bind
Divergence, Big Time
The Business Elite and Foreign Policy
The Case for Private Investment Abroad
| Citations per year | 0.5 |
|---|---|
| Citation span | 2024 - 2024 (1) |
| Highly cited | No |