1. Outward investment by Trans-Latin enterprises: reasons for optimism
- Author:
- Michael Mortimore and Carlos Razo
- Publication Date:
- 08-2009
- Content Type:
- Working Paper
- Institution:
- Columbia Center on Sustainable Investment
- Abstract:
- Despite the current economic crisis, outward foreign direct investment (OFDI) by Latin American and Caribbean enterprises continued its upward trend in 2008 (annex figure 1). OFDI by firms in the region reached nearly USD 35 billion in 2008, an increase of 42% with respect to 2007 (ECLAC, 2009a). However, several of the factors that fostered such growth have recently changed, possibly affecting OF DI prospects for 2009. This Perspective briefly explores these changes and their potential effects on firms' investing behavior, as well as some important countervailing factors that may cushion the effects of the economic crisis on Latin American firms' investment plan.
- Topic:
- Development, Economics, International Trade and Finance, Markets, and Foreign Direct Investment
- Political Geography:
- Latin America and Mexico