CEPAL Review no. 125

O Investimento Estrangeiro Direto na América Latina e no Caribe 2018. Documento informativo

Esta publicação apresenta e analisa as principais tendências do investimento estrangeiro direto (IED) nos países da América Latina e do Caribe. Em 2017 aprofundaram-se algumas tendências no cenário econômico mundial que geraram um clima de incerteza para os investimentos transfronteiriços. Em particular, confirmaram-se anúncios de possíveis restrições comerciais e pressões para relocalizar a produção nos países desenvolvidos. Ao mesmo tempo, as autoridades da China tomaram medidas para restringir as saídas de investimento estrangeiro direto (IED), a fim de ajustá-las ao plano estratégico do pa…

Latin American Economic Outlook 2018: Rethinking Institutions for Development

This document focuses on how institutions can underpin the foundations of a long period of sustained and inclusive growth and increased well-being. The report begins with an overview of the main macroeconomic challenges, analysing the complex macroeconomic context in Latin American and Caribbean (LAC) region, and exploring policy options to boost potential growth, with a particular focus on trade. It then analyses the link between low trust and society’s disconnection and dissatisfaction with institutions and a number of long-standing, structural features of the region as well as more recent, …

Perspectivas económicas de América Latina 2018: repensando las instituciones para el desarrollo

Este documento analiza cómo las instituciones deben reforzar las bases de un largo período de crecimiento sostenido e incluyente y de aumento del bienestar. El informe presenta una visión general de los principales desafíos macroeconómicos de América Latina y el Caribe y explora opciones de política que impulsen el crecimiento potencial, con particular énfasis en el comercio. También analiza el vínculo entre el bajo nivel de confianza y la desconexión e insatisfacción de la sociedad con las instituciones y con una serie de desafíos estructurales, así como con una serie de dinámicas más recient…

ECLAC keynotes for development No 3: Foreign Direct Investment

FDI inflows in Latin America and the Caribbean have been declining since their peak in 2011, and we estimate a further drop in 2017.…

Distinguished Economist Samuel Bowles Will Give a Keynote Lecture at ECLAC

The distinguished US Economics Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute (in Santa Fe, New Mexico), Samuel Bowles, will give a keynote lecture at the headquarters of the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile, next Tuesday, March 13. In the framework of a visit to Chile, Professor Bowles will offer a talk entitled “The Origins and Future of Economic Inequality: Institutions, Technology and Politics” at 11 a.m. in ECLAC’s Raúl Prebisch conference room. He will be welcomed by the Executive Secretary of the Unit…

Destacado economista Samuel Bowles dictará conferencia magistral en la CEPAL

El destacado Profesor de Economía estadounidense y Director del Programa de Ciencias del Comportamiento del Santa Fe Institute, Santa Fe, Nuevo México (Estados Unidos), Samuel Bowles, dictará una conferencia magistral en la sede de la Comisión Económica para América Latina y el Caribe (CEPAL) en Santiago, Chile, el próximo martes 13 de marzo. En el marco de su visita a Chile, el Profesor Bowles ofrecerá una charla titulada “Los Orígenes y el Futuro de la Desigualdad Económica: Instituciones, Tecnología y Política” (The Origins and Future of Economic Inequality: Institutions, Technology and Pol…

CEPAL Review no. 123

Revista CEPAL no. 123

The Outlook for Agriculture and Rural Development in the Americas: A Perspective on Latin America and the Caribbean 2017-2018

This document, result of a joint effort by the Economic Commission for Latin America and the Caribbean (ECLAC), the United Nations Food and Agriculture Organization (FAO) and the Inter-American Institute for Cooperation on Agriculture (IICA), analyzes the main changes that have taken place in agriculture and the rural milieu during the 2016-2017 period. It also considers the prospects and main trends in the region, in a context characterized by a slow and uneven global economic recovery in 2016, but with signs of an economic upturn in 2017, and by a continuous reduction in poverty, the poverty…

Perspectivas de la agricultura y del desarrollo rural en las Américas: una mirada hacia América Latina y el Caribe 2017-2018

En este documento,resultado del esfuerzo conjunto de la Comisión Económica para América Latina y el Caribe (CEPAL), la Organización de las Naciones Unidas para la Alimentación y la Agricultura (FAO) y el Instituto Interamericano de Cooperación para la Agricultura (IICA), se analizan los principales cambios ocurridos en la agricultura y el medio rural durante el período 2016-2017 y se abordan las principales perspectivas y tendencias regionales, enmarcadas en un contexto caracterizado por una recuperación económica mundial lenta y desigual en 2016, pero con indicios de repunte económico en 2017…

ECLAC keynotes for development No 1: Foreign Direct Investment

ECLAC keynotes for development offers briefs on the crucial issues of development in the region that form part of the ongoing work of ECLAC. This first edition presents the key messages of ECLAC's recent publication Foreign Direct Investment in Latin America and the Caribbean 2017.…

Claves de la CEPAL para el desarrollo Nº 1: La Inversión Extranjera Directa

Claves de la CEPAL para el desarrollo contiene reseñas informativas sobre los temas candentes del desarrollo en la región que forman parte del trabajo permanente de la CEPAL. Esta primera edición contiene una síntesis con los mensajes claves de La Inversión Extranjera Directa en América Latina y el Caribe.…

Foreign Direct Investment in Latin America and the Caribbean 2017

This publication sets out and analyses the main foreign direct investment (FDI) trends in the countries of Latin America and the Caribbean. The 2017 edition shows that the region is at a difficult juncture. FDI inflows declined by 7.9% in 2016, to US$ 167.043 billion, representing a cumulative fall of 17.0% since the peak in 2011. The fall in commodity prices continues to affect investments in natural resources, sluggish economic growth in several countries has slowed the flow of market-seeking capital, and the global backdrop of technological sophistication and expansion of the digital econom…

La Inversión Extranjera Directa en América Latina y el Caribe 2017

En este informe anual de la CEPAL se presentan y analizan las principales tendencias de la inversión extranjera directa (IED) en los países de América Latina y el Caribe. La edición de 2017 muestra a la región en una difícil coyuntura. Las entradas de IED disminuyeron un 7,9% en 2016, a 167.043 millones de dólares, cifra que representa una caída acumulada del 17,0% con respecto al nivel máximo de 2011. La caída de los precios de las materias primas continúa afectando a las inversiones que buscan recursos naturales, el lento crecimiento de la actividad económica en varias economías ha frenado …

O Investimento Estrangeiro Direto na América Latina e no Caribe 2017. Documento informativo

Esta publicação apresenta e analisa as principais tendências do investimento estrangeiro direto (IED) nos países da América Latina e do Caribe. A edição de 2017 mostra a região em uma difícil conjuntura. As entradas de IED diminuíram 7,9% em 2016, para 167,043 bilhões de dólares, cifra que representa uma queda acumulada de 17,0% em relação ao nível máximo de 2011. A queda dos preços das matérias-primas continua afetando os investimentos que buscam recursos naturais, o lento crescimento da atividade econômica em várias economias freou a chegada de capitais em busca de mercados e o cenário globa…

CEPAL Review no. 122

Revista CEPAL no. 122

Micro-macro interactions, growth and income distribution revisited

The international economy is marked by major asymmetries in technological capabilities and power, both at the domestic and international levels —a point emphasized by the structuralist tradition. These asymmetries strongly affect economic outcomes and place major constraints on economic policy. This working paper discusses how the microeconomics of learning interacts with structural change and the evolution of aggregate demand to generate either virtuous paths of economic development or vicious circles of underdevelopment and lagging behind. Some implications of these growth paths for the inte…

The determinants of foreign direct investment in Brazil: empirical analysis for 2001-2013

This article aims to analyse the determinants of foreign direct investment (FDI) into Brazil between 2001 and 2013. It uses a vector error correction (VEC) model to analyse both the long-term function and the impulse-response function. The results show that levels of economic activity, wages and productivity are positively related to FDI inflows, which means that investors pursue market-seeking and efficiency-seeking strategies when targeting the Brazilian market. Although less important, the stability of the national economy and the exchange rate also proved statistically significant in expla…