IDEAS home Printed from https://ideas.repec.org/b/ecr/col007/1129.html
   My bibliography  Save this book

Foreign Investment in Latin America and the Caribbean 2004

Editor

Listed:
  • ECLAC

Author

Listed:
  • -

Abstract

For the first time since 1999, foreign direct investment (FDI) inflows into Latin America and the Caribbean grew in 2004. These inflows topped US$ 54 billion, far exceeding the US$ 37 billion registered in 2003 and representing a 46% increase. This is welcome news for the region, as it may portend the beginning of a new and sustained investment boom. However, it does not mean that the Latin American and Caribbean countries have solved their problems with regard to the limited benefits they receive from the presence of transnational corporations (TNCs) within their borders. In general, existing FDI inflows are not of the quality that is required. If the region's countries are to increase the benefits they reap from the presence of TNCs, the national policies and institutions they have put in place to deal with international commitments regarding investment, establish incentives to attract FDI and evaluate the results of FDI policies will need to be improved. This year's report focuses on market-seeking investment strategies of TNCs in the region. The second chapter deals with the experience of Brazil, which is a major FDI recipient that mainly attracts this kind of FDI and has begun to demonstrate an interest in attracting other kinds, especially the efficiency-seeking variety that generates exports. The third chapter looks at the experience of the electricity sector in the Southern Cone. This sector was characterized by market-seeking investment during the boom of the 1990s, but that investment failed to redress existing capacity shortages and the industry went into crisis. This chapter suggests that a subregional approach to this sector's development might help to attract FDI from new stakeholders, such as petroleum companies, through the integration of gas and electricity activities.

Suggested Citation

  • -, 2005. "Foreign Investment in Latin America and the Caribbean 2004," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1129 edited by Eclac, May.
  • Handle: RePEc:ecr:col007:1129
    Note: Includes bibliography
    as

    Download full text from publisher

    File URL: http://repositorio.cepal.org/handle/11362/1129
    Download Restriction: no
    ---><---

    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. -, 2009. "Foreign Direct Investment in Latin America and the Caribbean 2008," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1139 edited by Eclac, May.
    3. García Arias, Jorge, 2008. "International finance and development: opportunity or threat?," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    4. Miguel D. Ramirez, 2011. "Foreign Direct Investment And Its Determinants In The Chilean Case: Single Break Unit Root And Cointegration Analysis," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(1).
    5. Miguel D. Ramirez, 2010. "Foreign Direct Investment and its Determinants in the Chilean Case: Unit Roots, Structural Breaks, and Cointegration Analysis," Working Papers 1006, Trinity College, Department of Economics.
    6. -, 2010. "Foreign Direct Investment in Latin America and the Caribbean 2009," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 37607 edited by Eclac, May.
    7. -, 2012. "The changing nature of Asian-Latin American economic relations," Libros de la CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 2618 edited by Eclac, May.
    8. Isabel Ruiz & Susan Pozo, 2008. "Exchange rates and US direct investment into Latin America," The Journal of International Trade & Economic Development, Taylor & Francis Journals, vol. 17(3), pages 411-438.
    9. Ben Ross Schneider, 2017. "Unfinished legacy: understanding reciprocity, business groups and MNCs in Latin America," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 111-125.
    10. 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.

    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:col007:1129. 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.

    We have no bibliographic references for this item. You can help adding them by using 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.