Foreign direct investment in the Caribbean: Trends, determinants and policies

cepal.bibLevelDocumento Completo
cepal.callNumberLC/L.3777
cepal.docTypeSeries
cepal.idSade52436
cepal.jobNumberS2014046
cepal.physicalDescriptiongráficos, tablas
cepal.regionalOfficePuerto España
cepal.topicEngFOREIGN DIRECT INVESTMENT
cepal.topicSpaINVERSIÓN EXTRANJERA DIRECTA
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaSpaDESARROLLO ECONÓMICO
dc.contributor.authorDe Groot, Olaf
dc.contributor.authorPérez Ludeña, Miguel
dc.coverage.spatialEngCARIBBEAN REGION
dc.coverage.spatialSpaCARIBE
dc.date.accessioned2014-03-20T15:11:04Z
dc.date.available2014-03-20T15:11:04Z
dc.date.issued2014-02
dc.descriptionIncludes bibliography.
dc.description.abstractThe Caribbean receives some of the highest levels of Foreign Direct Investment (FDI) in the world, with many economies having FDI to GDP ratios above 10 per cent in 2012. In the recent past, FDI flows have been particularly volatile, with the financial crisis in 2008 greatly reducing FDI flows to the Caribbean, although they have recovered somewhat recently. One of the distinctive features of Caribbean FDI flows is that they appear to be relatively unprofitable, with FDI income significantly lower than in Latin America. This is possibly due to the sectoral pattern of FDI, which in most Caribbean economies is heavily slanted towards services, particularly tourism. In a small number of economies, natural resources play an important role, which requires relatively large capital outlays and is thus responsible for a large share of investment. While the United States used to be the most important investor in the region, nowadays other players, such as Canada and China, are also taking a keen interest. Finally, the report studies the use of FDI promotion policies. These are more extensive and prevalent in the Caribbean than elsewhere, but the evidence of their effectiveness to improve either FDI flows or the impact of such FDI flows on the local economy, is limited.
dc.description.tableOfContentsIntroduction .-- I. The rise and fall of foreign direct investment in the Caribbean .-- II. Analysis of FDI by sector .-- III. Policies promoting FDI in the Caribbean .-- IV. Conclusions and the way ahead.
dc.formatTexto
dc.format.extent49 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/L.3777
dc.identifier.unSymbolLC/CAR/L.433
dc.identifier.urihttps://hdl.handle.net/11362/36620
dc.language.isoeng
dc.physicalDescription49 p.; grafs., tabls.
dc.publisherECLAC
dc.publisher.placePort-of-Spain
dc.relation.isPartOfSeriesStudies and Perspectives Series (The Caribbean)
dc.relation.isPartOfSeriesNo35
dc.rights.coarDisponible
dc.subject.unbisEngECONOMIC DEVELOPMENT
dc.subject.unbisEngFOREIGN DIRECT INVESTMENT
dc.subject.unbisEngINVESTMENT PROMOTION
dc.subject.unbisSpaDESARROLLO ECONOMICO
dc.subject.unbisSpaINVERSION EXTRANJERA DIRECTA
dc.subject.unbisSpaFOMENTO DE LAS INVERSIONES
dc.titleForeign direct investment in the Caribbean: Trends, determinants and policies
dc.type.coarlibro
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