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| Author: | Chudnovsky, D. López, A. |
| Title: | A third wave of FDI from developing countries: Latin American TNCs in the 1990s |
| Journal: | Transnational Corporations
2000 : AUG, VOL. 9:2, p. 31-73 |
| Index terms: | DEVELOPING COUNTRIES FOREIGN INVESTMENT LATIN AMERICA ARGENTINA BRAZIL CHILE MEXICO SOUTH AMERICA |
| Freeterms: | FDI |
| Language: | eng |
| Abstract: | Since the early 1990s, a third wave of foreign direct investment (FDI) from Latin American countries has emerged. Argentina, Chile and Mexico, and, to a lesser extent, Brazil, are the most important home countries. The bulk of current Latin American outward foreign direct investment is market seeking and is concentrated in other Latin American countries. However, contrary to what happened during the first wave of foreign direct investment from developing countries in the 1960s and 1970s, which occurred under important substitution, Latin American transnational corporations must now operate in open economies. This has resulted in a far-reaching restructuring of Latin American conglomerates. |
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