The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) said that despite the crisis in Europe and the United States, direct foreign investment in Latin America grew 54 percent in the first half of 2011, about 82 billion U.S. dollars, local press reported on Thursday. "Latin America is actually seen as an interesting alternative for direct foreign investment, due to the lower demand in the developed countries," said Daniel Titelman, director of ECLAC's Development Studies. Brazil, Mexico, Chile and Colombia received a total of 68 billion dollars in the period, according to ECLAC. However, the ECLAC has reduced foreign investment growth forecast for Latin America to 4.4 percent in 2011 and 3.8 percent in 2012, due to the global uncertainty. Titelman warned that "in case of a recession (in Latin America), indeed, there could be a capital flight to developed markets." ECLAC has suggested Latin American governments adopt inclusive labor policies to boost employment as a way to protect their population from the crisis.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:06 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 16:17 2018 Monday ,12 November
Egypt working on 4-year plan to increase growth rateGMT 12:45 2018 Friday ,09 November
Egyptian agriculture products introduced to Japanese markeGMT 11:42 2018 Friday ,02 November
Turkey's new mega airport, boon for slowing economyGMT 13:42 2018 Monday ,29 October
Egypt's trade volume hits $67.63 bln over 9 monthsGMT 15:13 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 14:46 2018 Thursday ,11 October
Economy and energy dominate agenda in Russian-Slovak relationsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor