Last year, my friends at ICEX, the Spanish investment promotion agency, invited me to write a chapter in their Global LATAM series about Latin America’s international investments. It was an interesting exercise and it conrmed some of my worries: one, Latin American companies have reduced their overall investments abroad, and two, these investments are concentrated in a small number of large companies. If Latin America is not able to encourage a broader range of companies to invest abroad, a continued domestic focus does not bode well for the future competitiveness of the region. Some of the findings are below. While Latin America previously led the investments from emerging markets, its ‑ows have declined since 2010 and have been surpassed by […]
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