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DTSTAMP:20240429T144529Z
SUMMARY:Marcelo Bucheli from University of Illinois at Urbana–Champaign
DESCRIPTION: \n\nPlain language summary: Multinational corporations face mo
 re\nchallenges than their domestic counterparts when trying to legitimize\
 ntheir operations vis a vis a host country’s society. This is\nparticula
 rly salient in the case of MNCs from Western economic powers\noperating in
  underdeveloped and emerging economies where a history of\ncolonialism\, u
 nequal economic relations\, or interventionism have left\na legacy of dist
 rust towards those firms. Opponents of Western MNCs\nhave repeatedly used 
 this history to delegitimize these firms’\noperations and to subsequentl
 y legitimize hostile actions against\nthem\, including outright expropriat
 ion. One strategy developed by\nmultinationals to neutralize potential cha
 llenges to their legitimacy\nhas been to establish connections with influe
 ntial members of the host\ncountry’s elites. We study how this strategy 
 fares in host countries\nthat are undergoing dramatic political and econom
 ic changes\, aiming\nshow when this strategy is effective and when it can 
 backfire. We\nfirst argue that overtly maintaining open connections with a
 n elite\nthat is viewed as a relic of an illegitimate past can become a\nl
 iability. And\, second\, that highly visible connections are more\nlikely 
 to become a liability in times of political and social change\nthan less v
 isible ones. We illustrate our arguments with a long-term\nstudy of the po
 litical strategies followed by American\ntelecommunications and oil multin
 ationals operating in Chile.\n 
DTSTART:20170217T153000Z
DTEND:20170217T165000Z
LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 208\, Philadelphia\, PA
  19104
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