Foreign Investment in Latin America and the Caribbean

Format:

Book

Author/Creator:

United Nations Staff, Corporate Author.

Language:

English

Subjects (All):

Investments, Foreign--Latin America.

Investments, Foreign.

Economic development--Latin America.

Economic development.

Physical Description:

1 online resource (162 pages)

Edition:

1st ed.

Place of Publication:

Ipswich : Ebsco Publishing

[Place of publication not identified] United Nations Publications 2002

Language Note:

English

Summary:

The decline in flows of foreign direct investment (FDI) to Latin America and the Caribbean which began in 2000 grew even sharper in 2002. This trend reflects a major change in the world and regional economies. At the regional level, it is associated with greater instability, slow economic growth and the approaching completion of the privatization process. National crises such as those experienced by Argentina, Uruguay and Venezuela made investors become more risk-averse. Sluggish growth in demand in the United States economy hurt investment in Mexico, Central America and the Caribbean, where the transnational corporations that employ efficiency-seeking strategies are concentrated. The global and regional situations had a less adverse effect on FDI in the countries of the Andean Community, where the primary sector predominates, but instability in the Mercosur countries diminished their attractiveness for transnational corporations implementing market-seeking investment strategies.This publication is composed of three chapters. The first provides a broad review of FDI trends in Latin America and the Caribbean. The second offers the reader a comprehensive discussion of investment flows to the Andean Community countries. The third analyses flows from transnational banks to the banking sector in the region and assesses what types of effects their strategies are having on the region.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Description based on publisher supplied metadata and other sources.

Part of the metadata in this record was created by AI, based on the text of the resource.

ISBN:

1-280-14282-0

9786610142828

1-4175-6820-8

OCLC:

823835110