Tendencias Recientes de la Inversión Extranjera Directa en Uruguay
International tendencies in Foreign Direct Investment (FDI) show that transnationalization process increased quickly in the last years. Uruguay showed in the nineties a good capacity of attract FDI. However, since the economic recovery after the 2002 crisis, the country saw huge amounts of FDI. The entrance flow of FDI reached in 2007-2008 an annual average of US$ 1,594 millions, equivalent to the 5.5% of the GDP. This paper analyzes the tendencies and evolution of the FDI in the country from the nineties and the economic changes related with the foreign capital and its role in the recent growth phase. We specially discuss if the increase in the FDI could contribute to the growth sustainability in the medium and long term, with the diversification of the productive structure and the incorporation of technology and innovation in the productive processes, increasing high value added exports and improving the trade specialization of Uruguay.
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