the pattern of flows of direct foreign investment in the countries of Latin America (1991-2005)

This paper discusses the pattern of flows of net foreign direct investmentfor the long run (1991-2005) in 18 countries of the Latin AmericanRegion and tests the hypothesis of positive relationship between the sizeof gross domestic product and the flows of net FDI. Based on the analysisof global trends and other factors, the ordinary linear regression of thefigures available for the long term period shows a high degree of correlationbetween the size of the gross domestic product and the flows of net directinvestment by country. In the case of Colombia the long term performanceis better than expected –in spite of the political risk involved–, but thefailure in developing new areas for export-oriented foreign direct investment,due the lack of good infrastructure, remains a major constraint forgrowth based on investment projects that enhance economic efficiencyand competitiveness.

• Autores: Néstor Moreno Meza
• Fecha de publicación: 2011
• Institución: Universidad del Norte
• Repositorio: Repositorio Uninorte
• Idioma: spa
• OAI Identifier: oai:manglar.uninorte.edu.co:10584/4798
• Acceso en línea: http://rcientificas.uninorte.edu.co/index.php/pensamiento/article/view/3510; http://hdl.handle.net/10584/4798
• License: http://purl.org/coar/access_right/c_abf2