Biblioteca Digital de VanguardiaLiberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group
This article addresses the significance of the recent global trend toward liberalization of foreign direct investment (FDI), showing the importance of Latin America in the process and analyzing the regulation of FDI in three countries (Brazil, Chile, and Peru) and one integration movement (the Andea...
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| Formato: | info:eu-repo/semantics/article |
| Lenguaje: | Español |
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Universidad del Pacífico
1997
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| Acceso en línea: | https://revistas.up.edu.pe/index.php/apuntes/article/view/460 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52791 |
| _version_ | 1782336004118544384 |
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| author | Alcalde C., Javier |
| author_facet | Alcalde C., Javier |
| author_sort | Alcalde C., Javier |
| collection | Repositorio |
| description | This article addresses the significance of the recent global trend toward liberalization of foreign direct investment (FDI), showing the importance of Latin America in the process and analyzing the regulation of FDI in three countries (Brazil, Chile, and Peru) and one integration movement (the Andean Group) of the region. The evolution of these four FDI regimes, from the 1970s to 1996, reflects the great changes in economic policy that have taken place in Latin America. After presenting some theoretical background concerning levels of FDI regulation in the world economy, the main aspects of the national regulation of FDI, and traditional conflict issues between multinational enterprises and host governments, the author proceeds to outline, on the one hand, the rise and fall of economic nationalism in Latin America (between 1970 and the mid-1980s), and, on the other, the central tenets of the so-called "Washington Consensus" (among the U.S. government, the International Monetary Fund, and the World Bank), which guide the liberalization of FDI in the 1990s. The article describes and analyzes the evolution of the four FDI regimes comparing them among themselves as well as with the World Bank Guidelines on FDI and NAFTA investment provisions, in order to establish their degree of convergence with the liberal rules supported by capital-exporting nations. |
| format | info:eu-repo/semantics/article |
| id | clacso-CLACSO52791 |
| institution | CLACSO, Repositorio Digital |
| language | Español |
| publishDate | 1997 |
| publisher | Universidad del Pacífico |
| record_format | greenstone |
| spelling | clacso-CLACSO527912022-03-17T18:47:56Z Liberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group La liberalización de la inversión extranjera directa en América Latina: un breve enfoque comparativo de Brasil, Chile, Perú y el Grupo Andino Alcalde C., Javier This article addresses the significance of the recent global trend toward liberalization of foreign direct investment (FDI), showing the importance of Latin America in the process and analyzing the regulation of FDI in three countries (Brazil, Chile, and Peru) and one integration movement (the Andean Group) of the region. The evolution of these four FDI regimes, from the 1970s to 1996, reflects the great changes in economic policy that have taken place in Latin America. After presenting some theoretical background concerning levels of FDI regulation in the world economy, the main aspects of the national regulation of FDI, and traditional conflict issues between multinational enterprises and host governments, the author proceeds to outline, on the one hand, the rise and fall of economic nationalism in Latin America (between 1970 and the mid-1980s), and, on the other, the central tenets of the so-called "Washington Consensus" (among the U.S. government, the International Monetary Fund, and the World Bank), which guide the liberalization of FDI in the 1990s. The article describes and analyzes the evolution of the four FDI regimes comparing them among themselves as well as with the World Bank Guidelines on FDI and NAFTA investment provisions, in order to establish their degree of convergence with the liberal rules supported by capital-exporting nations. Este artículo destaca la significación de la reciente tendencia mundial de liberalización de la inversión extranjera directa (IED), mostrando la importancia de América Latina dentro del proceso y analizando la reglamentación de la IED en tres países (Brasil, Chile y Perú) y un movimiento de integración (Grupo Andino) de la región, cuya evolución desde la década de los años setenta hasta 1996 es representativa de los grandes cambios en política económica operados en América Latina. Después de presentar algunos antecedentes teóricos sobre los niveles de reglamentación de la IED en la economía mundial, los principales aspectos de la reglamentación nacional de la IED y las tradicionales áreas de conflicto entre empresas multinacionales y gobiernos anfitriones, el trabajo delinea, por un lado, el ascenso y caída del nacionalismo económico en América Latina entre 1970 y mediados de los años ochenta y, por otro lado, las premisas fundamentales del llamado "Consenso deWashington" (entre el gobierno estadounidense, el Fondo Monetario Internacional y el Banco Mundial), que es el que orienta en los años noventa la liberalización mundial de la IED. El artículo describe y analiza la evolución de los cuatro regímenes de inversión extranjera, comparándolos entre sí, así como con las Directivas sobre IED del Banco Mundial y las provisiones sobre IED del Tratado de Libre Comercio deNorteamérica (que representan la posición del "Consenso de Washington"), con el objeto de establecer el grado de convergencia de los regímenes latinoamericanos con las normas liberales propugnadas por los países exportadores de capital. 1997-11-06 2022-03-17T18:47:56Z 2022-03-17T18:47:56Z info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion https://revistas.up.edu.pe/index.php/apuntes/article/view/460 10.21678/apuntes.41.460 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52791 spa https://revistas.up.edu.pe/index.php/apuntes/article/view/460/462 Derechos de autor 2017 Apuntes http://creativecommons.org/licenses/by/4.0 application/pdf Universidad del Pacífico Apuntes. Social Sciences Journal; Apuntes 41; 3-33 Apuntes. Revista de ciencias sociales; Apuntes 41; 3-33 2223-1757 0252-1865 |
| spellingShingle | Alcalde C., Javier Liberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group |
| title | Liberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group |
| title_full | Liberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group |
| title_fullStr | Liberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group |
| title_full_unstemmed | Liberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group |
| title_short | Liberalization of foreign direct investment in Latin America: a brief comparative approach of Brazil, Peru and the Andean Group |
| title_sort | liberalization of foreign direct investment in latin america: a brief comparative approach of brazil, peru and the andean group |
| url | https://revistas.up.edu.pe/index.php/apuntes/article/view/460 http://biblioteca-repositorio.clacso.edu.ar/handle/CLACSO/52791 |