IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-03619-6_3.html
   My bibliography  Save this book chapter

A Decision Without A Strategy: Excess Profits in the Nationalisation of Copper in Chile

In: The Nationalisation of Multinationals in Peripheral Economies

Author

Listed:
  • Julio Faundez

Abstract

Executive Decree No. 92, signed by President Allende on 28 September 1971, was the single most important decision taken by his government and the one which provoked the greatest international interest.1 By virtue of this decree, the government determined the amount that should be deducted, by concept of excess profits, in the computation of compensation due to three mining companies owned by the Kennecott Copper Corporation and by the Anaconda Company. The exercise of this power was part of an intricate procedure established by the Constitutional Amendment of July 1971, which nationalised the copper industry in Chile. As one would expect, the left-wing parties in Chile greeted this reduction of compensation with enthusiasm, while the companies affected by this measure described the action of the Chilean government as confiscatory.2

Suggested Citation

  • Julio Faundez, 1978. "A Decision Without A Strategy: Excess Profits in the Nationalisation of Copper in Chile," Palgrave Macmillan Books, in: Julio Faundez & Sol Picciotto (ed.), The Nationalisation of Multinationals in Peripheral Economies, chapter 3, pages 71-102, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-03619-6_3
    DOI: 10.1007/978-1-349-03619-6_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-03619-6_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.