Journal Articles

The Domestic Political Conditions for International Economic Expansion: Lessons From Latin American National Oil Companies

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The internationalization of emerging country national oil companies (NOCs) is one of the most surprising manifestations of state capitalism’s resurgence at the end of the 20th century. Existing research argues that structural changes at the international level and economic advantages at the domestic level created a uniform capacity across NOCs to internationalize in the 2000s. Yet, there is significant variation in the degree to which NOCs have expanded abroad. We argue that this cross-national variation is a product of two domestic political conditions: (a) whether the NOC emerged through a consensual or conflictual nationalization process and (b) whether NOC managers’ and the government’s interests regarding internationalization converged. We demonstrate our argument’s plausibility with three in-depth case studies—Brazil’s Petrobras, Mexico’s Pemex, and Venezuela’s PdVSA—and use three shadow cases—Columbia’s Ecopetrol, Malaysia’s Petronas, and Indonesia’s Pertamina—to explore its broader applicability.

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Detail Information

Series Title

Comparative Political Studies

Call Number

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Publisher

Thousand Oaks : Sage Publications., 2015

Collation

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Language

English

ISBN/ISSN

0010-4140

Classification

NONE

Content Type

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Media Type

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Edition

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Subject(s)

Political economy
qualitative methods
Latin American politics
Business and politics

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