You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution Columbia Center on Sustainable Investment Remove constraint Publishing Institution: Columbia Center on Sustainable Investment Political Geography Brazil Remove constraint Political Geography: Brazil Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Natural Resources Remove constraint Topic: Natural Resources
- Author: Miguel Pérez Ludeña
- Publication Date: 03-2012
- Content Type: Policy Brief
- Institution: Columbia Center on Sustainable Investment
- Abstract: Chinese foreign direct investment (FDI) in Latin America is a recent phenomenon. Although the China National Petroleum Corporation and other companies have been present in Peru, Ecuador and Venezuela since the early 1990s, large projects have been pursued only since 2006, following an extended period of high commodity prices. The Economic Commission for Latin America and the Caribbean (ECLAC) estimated that there were US$ 15 billion of Chinese FDI inflows into Latin America in 2010, 90% of which were in extractive industries. This further contributed to the already high percentage of Chinese FDI flows to the region that are in natural resources. At a time of high economic growth fueled by commodity exports and strong currency appreciation (particularly in Brazil), FDI into extractive industries strengthens the region's specialization in primary products at the expense of manufacturing and other activities.
- Topic: Economics, International Trade and Finance, Markets, Natural Resources, Foreign Direct Investment
- Political Geography: China, Brazil, Latin America, Peru