Latin America and the Caribbean received record levels of foreign direct investment (FDI) in 2007, with inflows surpassing the US$ 100 billion mark for the first time ever. This development is all the more significant because the previous record was set in 1999 in the context of one-off privatizations. The upsurge in investment was fuelled mainly by market-seeking transnational corporations (TNCs) intent on taking advantage of growth in local demand for goods and services and by natural-resource-seeking companies against a backdrop of buoyant global demand. Meanwhile, despite lower levels of outward FDI from the regions' transnationals (trans-Latins), new companies in different industries are investing outside their home countries, while some of the traditional trans-Latins are taking their foreign investments to new levels.
This report provides an overview of FDI flows to and from the region in 2007 and of the recent activities of transnationals in the region and of trans-Latins outside their home countries (chapter I). It further explores three topics: investment in hardware for information and communication technologies (ICTs) (chapter II); investment in telecommunications services (chapter III); and Canadian investment in Latin America and the Caribbean (chapter IV). Chapters II and III describe the evolution of ICT hardware and telecommunications services industries in the context of the technological changes that have generated convergence among ICT services and have had impacts both on the industrial organization of manufacturing and on the market structure and incentives for telecommunications operators. Source: United Nations
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