Abstract

MORENO MEZA, Néstor. El patrón de los flujos de inversión extranjera directa en los países de América Latina (1991-2005). Pensam. gest. [online]. 2008, n.24, pp.256-273. ISSN 1657-6276.

This paper discusses the pattern of flows of net foreign direct investment for the long run (1991-2005) in 18 countries of the Latin American Region and tests the hypothesis of positive relationship between the size of gross domestic product and the flows of net FDI. Based on the analysis of global trends and other factors, the ordinary linear regression of the figures available for the long term period shows a high degree of correlation between the size of the gross domestic product and the flows of net direct investment by country. In the case of Colombia the long term performance is better than expected -in spite of the political risk involved-, but the failure in developing new areas for export-oriented foreign direct investment, due the lack of good infrastructure, remains a major constraint for growth based on investment projects that enhance economic efficiency and competitiveness.

Keywords : Foreign direct investment; multinational enterprise; Latin American economy; international business; international economics.

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