1945

Total foreign direct investment (FDI) in Latin America and the Caribbean approached US$ 36.5 billion in 2003, which represented a 19% retreat from the previous year’s figure –the steepest fall recorded in any of the world regions (UNCTAD, 2004). Flows of FDI to the region have been trending downward since attaining an all-time high in 1999 but, despite this new reduction, transnational corporations (TNCs) still maintain a forceful regional presence. This situation can be characterized as the transnationalization of Latin American economic assets, as foreign firms expand their presence in the various activities of the local economies.

Related Subject(s): International Trade and Finance
Sustainable Development Goals:
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