Foreign direct investment in Latin America from the perspective of illicit financial flows: “cocacolonisation” of saving?

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cepal.articleNo2
cepal.bibLevelSección o Parte de un Documento
cepal.callNumberLC/PUB.2022/5-P
cepal.docTypeRevistas
cepal.jelCodeF21
cepal.jelCodeH26
cepal.jelCodeO16
cepal.jelCodeH87
cepal.jelCodeK42
cepal.jobNumberRVI136_King
cepal.physicalDescriptiongráficos.
cepal.regionalOfficeSantiago
cepal.sdg17
cepal.topicEngBALANCE OF PAYMENTS
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicEngMACROECONOMICS
cepal.topicSpaBALANZA DE PAGOS
cepal.topicSpaINVERSIÓN EXTRANJERA DIRECTA
cepal.topicSpaMACROECONOMÍA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorKing, Katiuska
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2022-08-04T23:38:20Z
dc.date.available2022-08-04T23:38:20Z
dc.date.issued2022-04
dc.description.abstractThis article analyses the implications of illicit financial flows for foreign direct investment (FDI). During the 2003–2017 period, in the financing of gross fixed capital formation in Latin America, external savings show high variability in relation to domestic saving. This study calculates the net effects of FDI on the balance of payments by country, concluding that its contribution is not always positive. In fact, it is negative in countries with investments mainly in the primary or extractive sector. The volume of inward FDI is lower than recorded for all countries when considering pass-through or phantom investment, with signs of round-tripping in secrecy jurisdictions. This is of concern in countries that have traditionally kept their capital abroad. The concept of “cocacolonisation” of savings is therefore proposed.
dc.formatTexto
dc.format.extentpáginas. 25-4
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/PUB.2022/5-P
dc.identifier.urihttps://hdl.handle.net/11362/48039
dc.language.isoeng
dc.physicalDescriptionp. 25-43; grafs.
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfSeriesCEPAL Review
dc.relation.isPartOfSeriesNo136
dc.relation.translationLanguagespa
dc.relation.translationRecordLa inversión extranjera directa en América Latina desde la perspectiva de los flujos financieros ilícitos: ¿“cocacolonización” del ahorro?
dc.relation.translationUrihttps://hdl.handle.net/11362/47859
dc.rights.coarDisponible
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngFINANCIAL FLOWS
dc.subject.unbisEngILLEGALITY
dc.subject.unbisEngFOREIGN DIRECT INVESTMENT
dc.subject.unbisEngSAVINGS
dc.subject.unbisEngBALANCE OF PAYMENTS
dc.subject.unbisEngCAPITAL FORMATION
dc.subject.unbisEngMACROECONOMICS
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaCORRIENTES FINANCIERAS
dc.subject.unbisSpaILEGALIDAD
dc.subject.unbisSpaINVERSION EXTRANJERA DIRECTA
dc.subject.unbisSpaAHORROS
dc.subject.unbisSpaBALANZA DE PAGOS
dc.subject.unbisSpaFORMACION DE CAPITAL
dc.subject.unbisSpaMACROECONOMIA
dc.titleForeign direct investment in Latin America from the perspective of illicit financial flows: “cocacolonisation” of saving?
dc.type.coarartículo
dc.usergrouprevistacepal
dspace.entity.typePublication
relation.isAuthorOfPublication7fa98cdd-e97e-4ca8-b4be-2260cd6a8457
relation.isAuthorOfPublication.latestForDiscovery7fa98cdd-e97e-4ca8-b4be-2260cd6a8457
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