IDEAS home Printed from https://ideas.repec.org/p/zbw/ifwkwp/1047.html
   My bibliography  Save this paper

European FDI strategies in Mercosur countries

Author

Listed:
  • Nunnenkamp, Peter

Abstract

Mercosur countries have witnessed a boom of foreign direct investment (FDI) inflows since the early 1990s. However, regional integration, viewed in isolation, was not sufficient for the subregion to regain its attractiveness to FDI. FDI growth in individual Mercosur countries was closely related to reform efforts on the national level.The pattern of EU FDI in the subregion reveals some significant changes, notably in terms of its major sources and its sectoral composition. Furthermore, EU investors pursued strategies that differed from those of other foreign investors. Yet, the character of EU FDI has essentially remained unchanged so far. Whether efficiency-seeking FDI by the EU in Mercosur will gain prominence in the future depends critically on Mercosur's trade policy.

Suggested Citation

  • Nunnenkamp, Peter, 2001. "European FDI strategies in Mercosur countries," Kiel Working Papers 1047, Kiel Institute for the World Economy (IfW Kiel).
    • Handle: RePEc:zbw:ifwkwp:1047
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/2582/1/kap1047.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Unctad, 1996. "World Investment Report 1996," Foreign Trade Review, , vol. 31(3), pages 85-109, October.
    2. Blomström, Magnus & Kokko, Ari, 1997. "Regional Integration and Foreign Direct Investment," CEPR Discussion Papers 1659, C.E.P.R. Discussion Papers.
    3. -, 2000. "Foreign Investment in Latin America and the Caribbean 1999," La Inversión Extranjera Directa en América Latina y el Caribe, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1155 edited by Eclac, May.
    4. Hiemenz, Ulrich (Ed.) & Gundlach, Erich (Ed.), 1994. "Regional integration in Europe and its effects on developing countries," Open Access Publications from Kiel Institute for the World Economy 794, Kiel Institute for the World Economy (IfW Kiel).
    5. Blomstrom, Magnus & Kokko, Ari, 1997. "Regional integration and foreign direct investment : a conceptual framework and three cases," Policy Research Working Paper Series 1750, The World Bank.
    6. 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).
    7. Nunnenkamp, Peter, 1998. "German direct investment in Latin America: striking peculiarities, unfounded fears, and neglected issues," Kiel Working Papers 861, Kiel Institute for the World Economy (IfW Kiel).
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Nunnenkamp, Peter & Pant, Manoj, 2003. "Why the economic case for a multilateral agreement on investment is weak," Open Access Publications from Kiel Institute for the World Economy 4323, Kiel Institute for the World Economy (IfW Kiel).
    2. Peter Nunnenkamp, 2002. "Die Auswirkungen der EU-Osterweiterung auf die Direktinvestitionen und deren Rückwirkungen," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 55(11), pages 13-19, June.
    3. Nunnenkamp, Peter & Pant, Manoj, 2003. "Why the case for a multilateral agreement on investment is weak," Kiel Discussion Papers 400, Kiel Institute for the World Economy (IfW Kiel).
    4. Tondl, Gabriele & Prüfer, Patricia, 2007. "Does it Make a Difference? Comparing Growth Effects of European and North American FDI in Latin America," Proceedings of the German Development Economics Conference, Göttingen 2007 26, Verein für Socialpolitik, Research Committee Development Economics.
    5. Nunnenkamp, Peter, 2002. "Auswirkungen der EU-Osterweiterung auf die Direktinvestitionen und die Rückwirkungen der Direktinvestitionen," Open Access Publications from Kiel Institute for the World Economy 2904, Kiel Institute for the World Economy (IfW Kiel).

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nunnenkamp, Peter, 2001. "Ist diesmal alles anders? Die neue Welle regionaler Integration in Lateinamerika aus europäischer Perspektive," Kiel Working Papers 1026, Kiel Institute for the World Economy (IfW Kiel).
    2. Nunnenkamp, Peter, 2000. "Globalisierung der Automobilindustrie: neue Standorte auf dem Vormarsch, traditionelle Anbieter unter Druck?," Kiel Working Papers 1002, Kiel Institute for the World Economy (IfW Kiel).
    3. Jost, Thomas & Nunnenkamp, Peter, 2003. "Deutsche Direktinvestitionen in Entwicklungs- und Reformländern: haben sich die Motive gewandelt?," Open Access Publications from Kiel Institute for the World Economy 2987, Kiel Institute for the World Economy (IfW Kiel).
    4. Rana, Arslan Tariq & Kebewar, Mazen, 2014. "The Political Economy of FDI flows into Developing Countries: Does the depth of International Trade Agreements Matter?," EconStor Preprints 91501, ZBW - Leibniz Information Centre for Economics.
    5. UMBA, Gilles, 2013. "Ouverture commerciale et croissance économique en RD Congo : une analyse en équilibre général calculable [Trade openness and economic growth in the DR Congo : an analysis in a computable general eq," MPRA Paper 66092, University Library of Munich, Germany, revised 13 Aug 2015.
    6. Khalid Sekkat & Marie‐Ange Veganzones‐Varoudakis, 2007. "Openness, Investment Climate, and FDI in Developing Countries," Review of Development Economics, Wiley Blackwell, vol. 11(4), pages 607-620, November.
    7. Piazolo, Daniel & Kokta, Robert M. & Buch, Claudia M., 2001. "Does the East Get What Would Otherwise Flow to the South? FDI Diversion in Europe," Kiel Working Papers 1061, Kiel Institute for the World Economy (IfW Kiel).
    8. Mariam Camarero & Cecilio Tamarit, 2003. "Estimating exports and imports demand for Manufactured goods: The role of FDI," European Economy Group Working Papers 22, European Economy Group.
    9. Sánchez-Martín, Miguel Eduardo & de Arce, Rafael & Escribano, Gonzalo, 2014. "Do changes in the rules of the game affect FDI flows in Latin America? A look at the macroeconomic, institutional and regional integration determinants of FDI," European Journal of Political Economy, Elsevier, vol. 34(C), pages 279-299.
    10. Belem Vasquez, 2007. "A Dynamic Analysis of Some Instruments of Fiscal, Monetary and Commercial Policies in Mexico," EcoMod2007 23900089, EcoMod.
    11. Slavo Radosevic, 2003. "The emerging industrial architecture of the wider Europe: The co-evolution of industrial and political structures," UCL SSEES Economics and Business working paper series 29, UCL School of Slavonic and East European Studies (SSEES).
    12. Florian Mölders & Ulrich Volz, 2011. "Trade creation and the status of FTAs: empirical evidence from East Asia," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 147(3), pages 429-456, September.
    13. Ansari, Nasim & Khan, Tamanna, 2011. "FDI and regional economic integration in SAARC region: problems and prospects," MPRA Paper 32365, University Library of Munich, Germany.
    14. Penélope Pacheco‐López, 2005. "Foreign Direct Investment, Exports and Imports in Mexico," The World Economy, Wiley Blackwell, vol. 28(8), pages 1157-1172, August.
    15. Li, Qiaomin & Scollay, Robert & Maani, Sholeh, 2016. "Effects on China and ASEAN of the ASEAN-China FTA: The FDI perspective," Journal of Asian Economics, Elsevier, vol. 44(C), pages 1-19.
    16. Hiroshi Mukunoki, 2017. "The welfare effect of a free trade agreement in the presence of foreign direct investment and rules of origin," Review of International Economics, Wiley Blackwell, vol. 25(4), pages 733-759, September.
    17. Celine Azemar & Julia Darby & Rodolphe Desbordes & Ian Wooton, 2012. "Market Familiarity and the Location of South and North MNEs," Economics and Politics, Wiley Blackwell, vol. 24(3), pages 307-345, November.
    18. Komlan Fiodendji & Kodjo Evlo, 2015. "Do Institutions Quality Affect FDI Inflows in Sub-Saharan African Countries?," Journal of Applied Finance & Banking, SCIENPRESS Ltd, vol. 5(1), pages 1-8.
    19. René Cabral & Jorge Alberto Alvarado, 2021. "The Role of FDI on Exports Performance: Evidence from the Mexican States," International Regional Science Review, , vol. 44(6), pages 684-708, November.
    20. Salim, Ali & Razavi, Mohammad Reza & Afshari-Mofrad, Masoud, 2017. "Foreign direct investment and technology spillover in Iran: The role of technological capabilities of subsidiaries," Technological Forecasting and Social Change, Elsevier, vol. 122(C), pages 207-214.

    More about this item

    Keywords

    efficiency-seeking FDI; regional integration; trade policy; EU-Mercosur relations; market-seeking FDI;
    All these keywords.

    JEL classification:

    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

    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:zbw:ifwkwp:1047. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/iwkiede.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.