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  • March 2022
  • Case
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Copper Nationalization in Chile

By: Jeremy Friedman, John Masko and Jingyu Liu
  • Format:Print
  • | Language:English
  • | Pages:34
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Abstract

In 1970 Chile became the first country to elect a Marxist president through open, multi-party elections in Salvador Allende. In his first year as president, Allende nationalized the copper industry, Chile’s largest export industry that was developed and owned by US multinationals. The nationalization was politically popular, and Allende ultimately refused to provide compensation. The US administration of President Richard Nixon saw Allende’s government as a political and ideological threat both in the context of the Cold War, and to the economic interests of the “First World” at a time of rising resource nationalism and political activism in the so-called “Third World.”

Keywords

Nationalism; History; Political Elections; Natural Resources; Globalized Markets and Industries; National Security; Government Administration; Government and Politics; Chile

Citation

Friedman, Jeremy, John Masko, and Jingyu Liu. "Copper Nationalization in Chile." Harvard Business School Case 722-016, March 2022.
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About The Author

Jeremy S. Friedman

Business, Government and the International Economy
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Related Work

    • March 2023
    • Faculty Research

    Copper Nationalization in Chile

    By: Jeremy Friedman
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  • Copper Nationalization in Chile By: Jeremy Friedman
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