Equity, foreign investment and international competitiveness

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cepal.bibLevelSección o Parte de un Documento
cepal.callNumberX/C 22(65/98)
cepal.docTypeRevistas
cepal.idSade19973
cepal.topicEngVALUE CHAINS
cepal.topicEngINTERNATIONAL TRADE
cepal.topicEngINVESTMENT
cepal.topicEngPRODUCTIVITY
cepal.topicEngINEQUALITY
cepal.topicEngSOCIAL INVESTMENT/SPENDING
cepal.topicSpaCADENAS DE VALOR
cepal.topicSpaCOMERCIO INTERNACIONAL
cepal.topicSpaINVERSIÓN
cepal.topicSpaPRODUCTIVIDAD
cepal.topicSpaDESIGUALDAD
cepal.topicSpaINVERSIÓN/GASTO SOCIAL
cepal.workareaEngINTERNATIONAL TRADE AND INTEGRATION
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSOCIAL DEVELOPMENT
cepal.workareaSpaCOMERCIO INTERNACIONAL E INTEGRACIÓN
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaDESARROLLO SOCIAL
dc.contributor.authorFigueroa, Adolfo
dc.coverage.spatialEngLATIN AMERICA
dc.coverage.spatialSpaAMERICA LATINA
dc.date.accessioned2014-01-02T18:42:12Z
dc.date.available2014-01-02T18:42:12Z
dc.date.issued1998-08
dc.descriptionIncludes bibliography
dc.description.abstractIs the degree of competitiveness of countries independent of their degree of inequality? Is competitiveness only a question of microeconomic and sectoral efficiency, of the real exchange rate, or is it also a social question? So far, the specialized literature has ignored the problem of equity in the determination of countries' competitiveness. It has then been unable to provide a full explanation of the competitiveness actually observed, however. In this article, equity is incorporated into the production function and also into investors' decisions in a world of perfect mobility of capital. The predictions of the proposed theoretical system are generally consistent with the data observed in the world economy. In particular, Latin American displays the highest degree of inequality of all the regions of the world, yet its share of foreign direct investment flows is low, and so is its share of world trade (its competitiveness);. The theory presented here and the data assembled suggest that the relative levels of productivity of countries depend in a positive manner on the allocation of investments, and this allocation in turn depends, likewise in a positive manner, on the degree of equity prevailing in the countries. The competitiveness of a country therefore depends, among other factors, on its degree of economic inequality. Societies compete in the capital market, seeking to attract private investment in order to make themselves competitive in the goods market, and this is influenced, among other factors, by their current degree of equity.
dc.formatTexto
dc.format.extentpáginas. 45-58
dc.format.mimetypeapplication/pdf
dc.identifier.unSymbolLC/G.2033-P
dc.identifier.urihttps://hdl.handle.net/11362/10652
dc.language.isoeng
dc.physicalDescriptionp. 45-58
dc.relation.isPartOfCEPAL Review
dc.relation.isPartOfNo65
dc.relation.isPartOfSeriesCEPAL Review
dc.subject.unbisEngCOMPETITION
dc.subject.unbisEngECONOMIC GAP
dc.subject.unbisEngEQUALITY
dc.subject.unbisEngFOREIGN INVESTMENTS
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngINVESTMENTS
dc.subject.unbisEngNATURAL RESOURCES
dc.subject.unbisEngPRODUCTIVITY
dc.subject.unbisEngVALUE CHAINS
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaCOMPETENCIA
dc.subject.unbisSpaDISPARIDAD ECONOMICA
dc.subject.unbisSpaIGUALDAD
dc.subject.unbisSpaINVERSIONES EXTRANJERAS
dc.subject.unbisSpaINVERSIONES
dc.subject.unbisSpaPRODUCTIVIDAD
dc.subject.unbisSpaRECURSOS NATURALES
dc.subject.unbisSpaCADENAS DE VALOR
dc.titleEquity, foreign investment and international competitiveness
dc.type.coarrevista
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