Overview
Anyone contemplating the consequences of foreign investment in Latin America will profit from reading this book. As Jonathan Brown shows, the dynamic growth of the Mexican oil industry resulted from both the domination of foreign capital and Mexico's own economic restructuring, conditions similar to those under which free-market reforms are being adopted throughout the hemisphere today.
Brown's research into the operations of the British and American oil companies in Mexico between 1880 and 1920 reveals their involvement in the events that led the country to revolution in 1910. He weaves a fascinating, exciting story out of the maneuverings among oil men, politicians, diplomats, and workers in a period of massive social upheaval.
Oil companies brought capital, technology, and jobs to Mexico, but they also threatened its deeply rooted social heritage. Brown shows that the Mexican response to this double-edged situation was far more effective than has been recognized. Mexicans of all classes were remarkably successful in imposing their own traditions on the powerful companies.
Lively, provocative but evenhanded, with darts of wry humor, this study will engage a wide variety of readers: business, economic, political, labor, and social historians and students of Latin America, foreign investment, and international relations.