Fdi In Latin America

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Third, recognizing that reversal of portfolio investment is less costly, a fact that exacerbated recent ?nancial crises in a number of developing countries, governments now prefers FDI (UNCTAD, 1999). Fourth, host-country governments recognize that MNEs have access to resources other than capital, that can assist with their development (such as technology, management and access to foreign markets)...
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Recognizing the long-term costs of failure to integrate their economies into the global environment, developing countries have opened up their markets in order to attract more FDI. There are numerous theories that have been advanced to explain this phenomenon...
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