IDEAS home Printed from https://ideas.repec.org/b/ecr/col007/1125.html
   My bibliography  Save this book

Foreign Investment in Latin America and the Caribbean 2002

Editor

Listed:
  • ECLAC

Author

Listed:
  • -

Abstract

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.

Suggested Citation

  • -, 2003. "Foreign Investment in Latin America and the Caribbean 2002," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1125 edited by Eclac, May.
    • Handle: RePEc:ecr:col007:1125
    Note: Includes bibliography
    as

    Download full text from publisher

    File URL: http://repositorio.cepal.org/handle/11362/1125
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. -, 2002. "Current conditions and outlook: Economic Survey of Latin America and the Caribbean 2002," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1092 edited by Eclac.
    2. -, 1991. "El desarrollo sustentable: transformación productiva, equidad y medio ambiente," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2138 edited by Cepal.
    3. -, 1996. "The economic experience of the last fifteen years: Latin America and the Caribbean, 1980-1995," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37870 edited by Eclac.
    4. -, 1996. "América Latina y el Caribe: series regionales y oficiales de cuentas nacionales, 1950-1994," Cuadernos Estadísticos de la CEPAL 4300, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    5. -, 2001. "Preliminary Overview of the Economies of Latin America and the Caribbean 2001," Balance Preliminar de las Economías de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 956 edited by Eclac.
    6. -, 1991. "Evaluación del impacto ambiental en América Latina y el Caribe," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2129 edited by Cepal.
    7. -, 1997. "La brecha de la equidad: América Latina, el Caribe y la Cumbre Social," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2183 edited by Cepal.
    8. -, 2002. "The sustainability of development in Latin America and the Caribbean: challenges and opportunities," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2323 edited by Eclac.
    9. -, 1995. "Productividad de los pobres rurales y urbanos," Cuadernos de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 27776 edited by Cepal, January.
    10. -, 1991. "Sustainable development: changing production patterns, social equity and the environment," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2356 edited by Eclac.
    11. -, 1993. "Clasificaciones estadísticas internacionales incorporadas en el Banco de Datos del Comercio Exterior de América Latina y el Caribe de la CEPAL," Cuadernos Estadísticos de la CEPAL 4294, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    12. -, 2002. "Preliminary Overview of the Economies of Latin America and the Caribbean 2002," Balance Preliminar de las Economías de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 958 edited by Eclac.
    13. -, 2001. "Current conditions and outlook: Economic Survey of Latin America and the Caribbean 2001," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1089 edited by Eclac.
    14. -, 2002. "Growth with stability: financing for development in the new international context," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2319 edited by Eclac.
    15. Morley, Samuel A., 2001. "The income distribution problem in Latin America and the Caribbean," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2274 edited by Eclac.
    16. Katz, Jorge, 2001. "Structural reforms, productivity and technological change in Latin America," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2277 edited by Eclac.
    17. -, 2002. "Economic Survey of Latin America and the Caribbean 2001-2002," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37628 edited by Eclac.
    18. -, 1991. "Cambios estructurales en los puertos y la competitividad del comercio exterior de América Latina y el Caribe," Cuadernos de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 27957 edited by Cepal, January.
    19. -, 1997. "The equity gap: Latin America, the Caribbean and the Social Summit," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37854 edited by Eclac.
    20. -, 2001. "Dirección del comercio exterior de América Latina, según la Clasificación Central de Productos provisional de las Naciones Unidas," Cuadernos Estadísticos de la CEPAL 4305, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    21. -, 1995. "Estructura del gasto de consumo en los hogares en América Latina," Cuadernos Estadísticos de la CEPAL 4298, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    22. Ocampo, José Antonio, 1999. "La reforma del Sistema Financiero Internacional: un debate en marcha," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2081 edited by Cepal.
    23. -, 1992. "Education and knowledge: basic pillars of changing production patterns with social equity," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2144 edited by Eclac.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. O'Donovan, David & Rios-Morales, Ruth, 2006. "Can the Latin American and Caribbean countries emulate the Irish model on FDI attraction?," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    2. -, 2013. "Natural resources within the Union of South American Nations: status and trends for a regional development agenda," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 3117 edited by Eclac.
    3. Nunnenkamp, Peter, 2005. "How to promote development-friendly FDI: an agenda for policymakers in developing and transition countries," Open Access Publications from Kiel Institute for the World Economy 4295, Kiel Institute for the World Economy (IfW Kiel).
    4. Galaso Reca, Pablo & García de la Cruz, José Manuel & Sánchez Díez, Angeles, 2016. "Mergers and acquisitions carried out by Spanish firms in Latin America: a network analysis study," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    5. Jon Jonakin, 2009. "Labour and Its Discontents: The Consequences of Orthodox Reform in Venezuela and Mexico," Journal of Development Studies, Taylor & Francis Journals, vol. 45(8), pages 1284-1306.
    6. Vergara, Sebastián & Moguillansky, Graciela & Studart, Rogério, 2004. "Foreign banks in Latin America: a paradoxical result," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. -, 2003. "Traffic congestion: the problem and how to deal with it," Cuadernos de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37898 edited by Eclac, January.
    2. -, 2002. "CEPAL Review no.76," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    3. -, 2002. "CEPAL Review no.77," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    4. -, 2001. "CEPAL Review no.75," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    5. -, 2003. "CEPAL Review no.79," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), April.
    6. Griffith-Jones, Stephany & Ocampo, José Antonio, 2003. "What progress on international financial reform? why so limited?," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 34941, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    7. José Antonio Ocampo, 2004. "Latin America's Growth and Equity Frustrations During Structural Reforms," Journal of Economic Perspectives, American Economic Association, vol. 18(2), pages 67-88, Spring.
    8. -, 2000. "Equity, development and citizenship," Documentos de posición del período de sesiones de la Comisión 14969, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    9. -, 2001. "Equity, development and citizenship: abridged edition," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2279 edited by Eclac.
    10. Di Filippo, Armando, 2009. "Latin American structuralism and economic theory," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    11. Weller, Jürgen, 2001. "Economic reforms, growth and employment: labour markets in Latin America and the Caribbean," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2273 edited by Eclac.
    12. -, 2000. "Equity, development and citizenship," Libros y Documentos Institucionales, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 14969 edited by Eclac.
    13. -, 1997. "CEPAL Review no.62," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    14. Antonio Andres & Carlyn Ramlogan-Dobson, 2011. "Is Corruption Really Bad for Inequality? Evidence from Latin America," Journal of Development Studies, Taylor & Francis Journals, vol. 47(7), pages 959-976.
    15. Miguel Altieri & Alejandro Rojas, 1999. "Ecological Impacts of Chile's Neoliberal Policies, with Special Emphasis on Agroecosystems," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 1(1), pages 55-72, March.
    16. Morley, Samuel A., 2000. "The effects of growth and economic reform on income distribution in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    17. Dutrénit, Gabriela & Natera, José Miguel & Puchet Anyul, Martín & Vera-Cruz, Alexandre O., 2019. "Development profiles and accumulation of technological capabilities in Latin America," Technological Forecasting and Social Change, Elsevier, vol. 145(C), pages 396-412.
    18. Andrés F. Castro Torres, 2020. "Analysis of Latin American fertility change in terms of probable social classes," MPIDR Working Papers WP-2020-001, Max Planck Institute for Demographic Research, Rostock, Germany.
    19. Hofman, André A., 2000. "Economic growth and performance in Latin America," Series Históricas 7535, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    20. -, 1998. "Temas y desafíos de las políticas de población en los años noventa en América Latina y el Caribe," Cuadernos de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 27802 edited by Cepal, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ecr:col007:1125. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Biblioteca CEPAL (email available below). General contact details of provider: https://edirc.repec.org/data/eclaccl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.