FOREIGN DIRECT INVESTMENT IN LATIN AMERICA: THE CASE OF PERU

  • Theodore METAXAS Department of Economics, University of Thessaly, Volos, Greece
  • Polyxeni KECHAGIA Department of Economics, University of Thessaly, Volos, Greece

Abstract

The majority of the Latin American countries proceeded to political, financial and social reforms so as to improve their attractiveness and to absorb more foreign capitals in order to achieve economic growth. Among the developing countries of the region, Peru managed to attract significant amounts of foreign direct investment mostly because of the abundance of natural resources. Nevertheless, Peru did not manage to become the top foreign capitals destination among the Latin American countries for several reasons. It is observed that the foreign investors’ dominant policy in FDI, the fact that the majority of the infrastructure realized in urban regions, the investment conditions, the external debt, the private sector and the ineffective use of natural resources held back the country’s attractiveness to foreign investors.

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Published
2017-07-12
How to Cite
METAXAS, Theodore; KECHAGIA, Polyxeni. FOREIGN DIRECT INVESTMENT IN LATIN AMERICA: THE CASE OF PERU. Theoretical and Practical Research in the Economic Fields, [S.l.], v. 7, n. 2, p. 160-173, july 2017. ISSN 2068-7710. Available at: <https://journals.aserspublishing.eu/tpref/article/view/1265>. Date accessed: 23 jan. 2022. doi: https://doi.org/10.14505//tpref.v7.2(14).05.