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Foreign Investment in Latin America and the Caribbean 2006

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  • ECLAC

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Abstract

In 2006, foreign direct investment (FDI) inflows to Latin America and the Caribbean (excluding the main financial centres) continued their upward trend, reaching over US$ 72 billion, for an increase of 1.5% over 2005. At the same, however, the region's share of global FDI inflows declined, as flows increased more rapidly in other parts of the world. The situation with respect to FDI outflows in 2006 was quite different, as outward FDI (OFDI) from Latin American and Caribbean countries jumped by 115% to about US$ 41 billion, expanding faster than in the rest of the world. The main message of this year's report is that active and integrated FDI attraction policies linked to national development strategies are necessary to secure quality FDI. These are lessons drawn from policy practices in the more successful European and Asian countries, which contrast with the more passive and disconnected FDI attraction policies evident in Latin America and the Caribbean. The 2006 report also contains chapters that analyse the experiences of two relatively small investor countries in Latin America and the Caribbean: the Republic of Korea and Portugal. In the first case, it was found that one of the reasons why the region plays a fairly minor role as a destination for OFDI from the Republic of Korea is that its FDI attraction policies have not been effective in attracting and upgrading dynamic FDI in the electronics, automotive and apparel sectors. In the second case, passive policies proved sufficient to attract significant FDI in services from Portugal to Brazil, but only for a limited period of time.

Suggested Citation

  • -, 2007. "Foreign Investment in Latin America and the Caribbean 2006," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1133 edited by Eclac, May.
  • Handle: RePEc:ecr:col007:1133
    Note: Includes bibliography
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    File URL: http://repositorio.cepal.org/handle/11362/1133
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    Cited by:

    1. repec:idb:brikps:373 is not listed on IDEAS
    2. Silvia Gómez Soler, 2012. "Organized Crime, Foreign Investment and Economic Growth," Revista Economía y Región, Universidad Tecnológica de Bolívar, vol. 6(2), pages 5-32, December.
    3. De Camino, Claudia & Finot, Alfonso & Mulder, Nanno & Sáez, Sebastián, 2007. "Trade in services in Latin America and the Caribbean: an analysis of recent trends," Comercio Internacional 4429, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    4. Komor Agnieszka, 2017. "The Role of the Institutional Support of the Entrepreneur in the Region in the Development of Investment Attractiveness (The Example of Poland)," Economic and Regional Studies / Studia Ekonomiczne i Regionalne, Sciendo, vol. 10(1), pages 21-35, March.
    5. Lourdes Casanova & Andrea Golstein & André Almeida & Matthew Fraser & Ramón Molina & Henning Hoeber & Carlos Arruda, 2009. "Multilatinas to Global Latinas: The New Latin American Multinationals," IDB Publications (Books), Inter-American Development Bank, number 62498, February.
    6. 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).
    7. 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.
    8. Miguel D. Ramirez, 2017. "Economic and Institutional Determinants of FDI in the Chilean Case: An Empirical Analysis, 1960-2014," Research in Applied Economics, Macrothink Institute, vol. 9(3), pages 1-23, September.
    9. Casanova, Lourdes & Golstein, Andrea & Almeida, André & Fraser, Matthew & Molina, Ramón & Hoeber, Henning & Arruda, Carlos, 2009. "From Multilatinas to Global Latinas: The New Latin American Multinationals (Compilation Case Studies)," IDB Publications (Books), Inter-American Development Bank, number 373.
    10. -, 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.
    11. -, 2011. "Economic Survey of Latin America and the Caribbean 2010-2011: Internacional integration and macroeconomic policy challenges amid global economic turmoil," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1075 edited by Eclac, May.
    12. -, 2007. "Economic Survey of Latin America and the Caribbean 2006-2007," Estudio Económico de América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1065 edited by Eclac, May.
    13. -, 2008. "Foreign Investment in Latin America and the Caribbean 2007," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1136 edited by Eclac, May.
    14. -, 2016. "Foreign Direct Investment in Latin America and the Caribbean 2016," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 40214 edited by Eclac, May.
    15. Park, Yuri & Plottier, Cecilia, 2020. "Korean FDI in Latin America and the Caribbean: A partner for sustainable development," Documentos de Proyectos 45097, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    16. Durán Lima, José Elías & Kuwayama, Mikio & LaFleur, Marcelo, 2010. "Latin America and Asia Pacific trade and investment relations at a time of international financial crisis," Comercio Internacional 4329, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

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