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The FTAA and the Location of FDI

  • Eduardo Levy Yeyati
  • Christian Daude
  • Ernesto Stein

The role of regional integration agreements as a determinant of the location of FDI has become an increasingly relevant issue for emerging economies. In Latin America, the largest effects are likely to be associated with the Free Trade Area of the Americas (FTAA). In this regard, there are a number of highly relevant questions: For instance, what effect will the FTAA have on FDI from the US and Canada to Latin American countries? How will it affect FDI from the rest of the world? What are the implications for a country such as Mexico, whose referential access to the US may be diluted? Should we expect to see winners and losers, and if so, what determines whether a particular country wins or loses? To address these questions, in this paper we look at the impact of regional integration on FDI, and attempt to derive conclusions regarding the likely impact of the FTAA on countries in Latin America

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Paper provided by Universidad Torcuato Di Tella in its series Business School Working Papers with number diecisiete.

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Length: 35 pages
Date of creation: 02 Dec 2002
Date of revision:
Handle: RePEc:udt:wpbsdt:diecisiete
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