Slippery Alliances in Central America: Multinationals, Dictators, and (Under) Development Policies

Research output: Chapter in Book/Report/Conference proceedingChapter


The Central American authoritarian regimes have long been considered the quintessential examples of “puppets” of American interests in the region. This chapter studies the evolving relationship between dictators and foreign capital in Central America. I argue that the alliance between those regimes and foreign capital was not determined by ideological affinities but rather by foreign capital’s capability of bringing stability and personal enrichment to the rulers. Once the multinationals could no longer offer these benefits, the dictators broke the alliance and even realigned themselves with those who opposed the multinationals. The 1974 oil crisis marked the breaking point.
Original languageEnglish (US)
Title of host publicationBig Business and Dictatorships in Latin America
Subtitle of host publicationA Transnational History of Profits and Repression
EditorsVictoria Basualdo, Hartmut Berghoff, Marcelo Bucheli
PublisherPalgrave Macmillan
ISBN (Electronic)9783030439255
ISBN (Print)9783030439248, 9783030439279
StatePublished - 2021

Publication series

NamePalgrave Studies in Latin American Heterodox Economics
ISSN (Print)2662-3943
ISSN (Electronic)2662-3951


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