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The changing pattern of foreign direct investment in Latin America

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  • Nunnenkamp, Peter

Abstract

Latin America has regained attractiveness for foreign direct investment. However, it is still uncertain whether the recent boom of capital inflows is sustainable, and which countries are well prepared to benefit from the current trend towards globalized production. Economic policies pursued by Latin American governments are shown to be of overriding importance for explaining why the region as a whole lost ground vis-a-vis Asian competitors for foreign direct investment, and why some Latin American economies were more successful than others in restoring their locational attractiveness.

Suggested Citation

  • Nunnenkamp, Peter, 1996. "The changing pattern of foreign direct investment in Latin America," Kiel Working Papers 736, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:736
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    References listed on IDEAS

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    1. Gundlach, Erich & Nunnenkamp, Peter, 1996. "Falling behind or catching up? Developing countries in the era of globalization," Kiel Discussion Papers 263, Kiel Institute for the World Economy (IfW Kiel).
    2. Barro, Robert J. & Lee, Jong-Wha, 1993. "International comparisons of educational attainment," Journal of Monetary Economics, Elsevier, vol. 32(3), pages 363-394, December.
    3. Nunnenkamp, Peter & Gundlach, Erich & Agarwal, Jamuna Prasad, 1994. "Globalisation of production and markets," Open Access Publications from Kiel Institute for the World Economy 807, Kiel Institute for the World Economy (IfW Kiel).
    4. Gundlach, Erich, 1994. "The role of human capital in economic growth: New results and alternative interpretations," Kiel Working Papers 659, Kiel Institute for the World Economy (IfW Kiel).
    5. Nunnenkamp, Peter, 1993. "The return of foreign capital to Latin America: good news from the reform front or a case for policy intervention?," Kiel Working Papers 574, Kiel Institute for the World Economy (IfW Kiel).
    6. Nunnenkamp, Peter, 1992. "Economic policies and attractiveness for foreign capital: the experience of highly indebted Latin American countries," Kiel Working Papers 539, Kiel Institute for the World Economy (IfW Kiel).
    7. Langhammer, Rolf J. & Schweickert, Rainer, 1995. "The Mexican reform process: improving long-run perspectives and mastering short-run turbulences," Kiel Discussion Papers 255, Kiel Institute for the World Economy (IfW Kiel).
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    Cited by:

    1. Nunnenkamp, Peter, 1997. "Herausforderungen der Globalisierung für Brasilien," Open Access Publications from Kiel Institute for the World Economy 1705, Kiel Institute for the World Economy (IfW Kiel).
    2. Gundlach, Erich & Nunnenkamp, Peter, 1996. "Some consequences of globalization for developing countries," Kiel Working Papers 753, Kiel Institute for the World Economy (IfW Kiel).

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    More about this item

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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