Globalización del desarrollo desigual a través de las inversiones extranjeras directas en las economías en transición

Abstract

Foreign direct investment (FDI) is analyzed as an integrating factor of transition economies (TEs) into globalization. But growing multinational corporations (MNCs) accelerate both globalization and uneven development. Thus we exhibit a significant correlation between inward FDI and the level of economic development (GDP per capita) in Third World countries and TEs which is explained in terms of a disequilibrium on the world market for FDI, and in terms of the vanishing nation-state bargaining power as well. Consequences of this analysis are drawn as regards the understanding of the strategies of MNCs in the TEs and the possible future of FDI in such countries, including Cuba. The conclusion stresses the trade-off, for any country (TEs included), between a restrictive and attractive policy towards FDI, in a world economy in which MNCs' domination basically relies on their capacity to sever capital flows to "not enough friendly" countries.