ECLAC, transnational corporations and the quest for a Latin American development strategy

Includes bibliography

Informe del Seminario sobre las Empresas Transnacionales y el Desarrollo Centroamericano = Report of the Seminar on Transnational Corporations and Central American Development

Durante el Seminario se trataron los siguientes temas: a) problemas del desarrollo centroamericano; b) internacionalizacion de la economia mundial y las empresas transnacionales; c) repercusion de las empresas transnacionales en el desarrollo latinoamericano; d) las empresas transnacionales y los productos de exportacion de America Latina: el caso de la Union de Productores y Exportadores de Banano (UPEB); e) el aspecto financiero en las negociaciones con las empresas transnacionales; f) las empresas transnacionales en el desarrollo industrial de los paises en desarrollo; g) aspectos del proceso de negociacion: analisis de proyectos y formas alternativas de participacion de las empresas transnacionales en proyectos en los paises en desarrollo; h) aspectos legales de las negociaciones; i) adquisicion de tecnologia. Incluye lista de participantes, programa del Seminario y lista de documentos.

Determinants and home-country effects of FDI outflows: Evidence from Latin American countries

Foreign direct investment (FDI) by Latin American companies has increased sharply since the beginning of the 2000s. While most investment flows correspond to firms from large economies (i.e. Argentina, Brazil, Chile, Mexico and Colombia), small economies have also witnessed the increasing internationalisation of their domestic companies. This study examines the strategies followed by multinational enterprises (MNEs) from Latin America when they decide to invest in other countries, highlighting differences by sector and issuer-country size. To that end a new database, which comprises quantitative information on the main operations abroad of Latin American enterprises (both greenfield, and mergers and acquisitions) was constructed, based on fDi Markets and Thomson Reuters Datastream. It also investigates the home-country effects of outward foreign direct investment (OFDI) by conducting a case study of Costa Rica through a representative sample of firms investing abroad.