Language:
English
Pages:
Online-Ressource (1 online resource (28 p.))
Edition:
Online-Ausg. World Bank E-Library Archive
Parallel Title:
Cravino, Javier Foreign Direct Investment In Latin America During The Emergence of China And India
Keywords:
Capital formation
;
Capital stocks
;
Common Carriers Industry
;
Corporate Law
;
Debt Markets
;
Developing countries
;
Finance and Financial Sector Development
;
Financial support
;
Fixed capital
;
Foreign Direct Investment
;
Foreign capital
;
Host countries
;
Host country
;
Industry
;
International Bank
;
Law and Development
;
Non Bank Financial Institutions
;
Transport
;
Transport and Trade Logistics
;
Capital formation
;
Capital stocks
;
Common Carriers Industry
;
Corporate Law
;
Debt Markets
;
Developing countries
;
Finance and Financial Sector Development
;
Financial support
;
Fixed capital
;
Foreign Direct Investment
;
Foreign capital
;
Host countries
;
Host country
;
Industry
;
International Bank
;
Law and Development
;
Non Bank Financial Institutions
;
Transport
;
Transport and Trade Logistics
;
Capital formation
;
Capital stocks
;
Common Carriers Industry
;
Corporate Law
;
Debt Markets
;
Developing countries
;
Finance and Financial Sector Development
;
Financial support
;
Fixed capital
;
Foreign Direct Investment
;
Foreign capital
;
Host countries
;
Host country
;
Industry
;
International Bank
;
Law and Development
;
Non Bank Financial Institutions
;
Transport
;
Transport and Trade Logistics
Abstract:
In spite of the growing concerns about foreign direct investment being diverted from Latin America to China and India, the best available data show that Latin America has performed relatively well since 1997. Foreign capital stocks from OECD countries and the United States in particular in China and India are still far from those in the largest Latin American economies. The evidence shows that foreign capital stocks in China increased more than in Latin America during 1990-1997, but not as much since 1997. In fact, Latin America has actually performed better than China since 1997 given its lack of relative growth. The growth of foreign capital stocks in India was more stable than in China. Nonetheless, after controlling for shocks emanating from the source countries and bilateral distance between source and host countries, this paper finds a significant change in foreign capital stocks relative to China between 1990 and 1997, but no change relative to India
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