TITLE

U.S. DIRECT INVESTMENT IN SPAIN DURING THE LATE-FRANCOISM AND THE TRANSITION TO DEMOCRACY. REASONS FOR ITS BEHAVIOR

AUTHOR(S)
Tascón Fernández, Julio; Tascón Zapico, Misael Arturo
PUB. DATE
April 2014
SOURCE
Historia Actual On-Line;Primavera2014, Issue 34, p7
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
The valuable data provided by U.S. Department of Commerce and the Bureau of Economic Analysis shows how the U.S. Direct Investment performed in Spain during the Late-Francoism and the Spanish Transition to Democracy. Our guess is that one reason that helps to understand this behavior is the close cooperation among U.S. MNC's managers with investments abroad and the U.S. Government Economic Agencies. These institutions share part of their information with the U.S. Companies and offer some guidelines to operate in Spain that could be completed by independent assessments like those due to the Stanford Research Institute or Business International. But there must be some other reasons to explain why U.S. affiliates were maintaining capital invested in Spain and sometimes reinvested earnings, at the same time that the income flux -from Spain-schedule was showing a dramatic decrease since 1974. We will therefore study this scene that was probably focused on the expected rates of return when Spain finally became an EEC member.
ACCESSION #
99262451

 

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