Direct Foreign Investment and Economic Development in Latin America: Perspectives for the Future

Since 1982, most Latin American countries have witnessed slow economic growth and a persistent net transfer of funds to the rest of the world as a result of sharply reduced inflows of private international bank lending and large debt payment obligations. Against this background direct foreign invest...

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Bibliographic Details
Published in:Journal of Latin American studies 1989-05, Vol.21 (1-2), p.221-239
Main Author: Paus, Eva
Format: Article
Language:English
Subjects:
Americas
Commerce
Developing countries
Economic conditions
Economic Development
Economic growth
Economic investment
Economics
Exports
External debt
Financial investments
Foreign aid
Foreign exchange
Foreign investment
Foreign Investments
Future
Host country
International development
Investments
Latin America
Public debt
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Summary:Since 1982, most Latin American countries have witnessed slow economic growth and a persistent net transfer of funds to the rest of the world as a result of sharply reduced inflows of private international bank lending and large debt payment obligations. Against this background direct foreign investment (DFI) has received increasing attention as one important element in overcoming the present stagnation-cum-debt crisis as well as in contributing to renewed economic growth. This article explores the possible contributions of DFI to the future economic growth and development of the region.1
ISSN:0022-216X
1469-767X
DOI:10.1017/S0022216X00014772