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The Empire Struck Back: The Mexican Oil Expropriation of 1938 Reconsidered

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  • Noel Maurer

    (Harvard Business School, Business, Government and the International Economy Unit)

Abstract

The Mexican expropriation of 1938 was the first large-scale non-Communist expropriation of foreign-owned natural resource assets. The literature generally makes three assertions: the U.S. government did not fully back the companies, Mexico did not fully compensate them for the value of their assets, and the oil workers benefitted from the change in ownership. This paper musters data and evidence that supports only the first of those assertions, and only to a limited extent: the companies devised political strategies that maneuvered Roosevelt into supporting their interests, and they were more than fully compensated by the Mexican government as a result.

Suggested Citation

  • Noel Maurer, 2010. "The Empire Struck Back: The Mexican Oil Expropriation of 1938 Reconsidered," Harvard Business School Working Papers 10-108, Harvard Business School.
    • Handle: RePEc:hbs:wpaper:10-108
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Play it again, Cristina!
      by Noel Maurer in The Power and the Money on 2012-04-19 02:01:55

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