MercoPress. South Atlantic News Agency
Foreign direct investment inflow to Latam rises 8% in six months to 94.3bn dollars
Inflows of foreign direct investment (FDI) to 17 of Latinamerica’s countries rose 8% in the first six months of 2012, compared to the same period a year ago, reaching 94.331 billion dollars, according to figures released on Tuesday by the Economic Commission for Latin America and the Caribbean, ECLAC. Read full article
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Disclaimer & comment rules”Chile is also consolidating its position as a major magnet for FDI: in the first half of the year it was the second largest recipient in the region.
Oct 24th, 2012 - 12:45 pm - Link - Report abuse 0(...)
The significant rise in trans-Latin investments, which actually dropped in 2011, was mainly due to Mexican and Chilean enterprises, which in the first six months invested 11.5bn and 10.3bn dollars abroad, respectively (similar to the amounts invested during -the whole of 2011).“
We are such a small country in the region, with just 16 million in population, 2,5% of the whole Latinamerican Population. And we are still a counterweight to the ”risen big titans” in the region. Brasil with it's 195 million and Mexico with 115 million. Nevertheless we fight for economic domination on the continent face-to-face with them.
Conclusion: We kick ass or they suck really baaaaad.
...“but the strong climb in Chile, Argentina, Dominican Republic, Peru and Colombia give an overall positive result.”
Oct 24th, 2012 - 04:23 pm - Link - Report abuse 0Argentina? According to what some trolls say on this site, I thought that Argentina was a pariah.
TWIMC
Oct 24th, 2012 - 04:44 pm - Link - Report abuse 0Here is the “missing infor” in the above article....:
Foreign direct investment inflow variation 2011 - 2012 (1st half)
Argentina + 42%
Bolivia + 53%
Brazil -2%
Chile + 80%
Colombia + 18%
Mexico -19%
Peru + 31%
Uruguay - 4%
Venezuela - 20%
http://www.cepal.org/prensa/noticias/comunicados/6/48226/tabla_ied_2012_enx.pdf
That were the turnips saying???
Brazil I have a hard time seeing a drop. Off the bat three auto makers are opening plants there. Even my company is investigation a distribution location for SA in Brazil. argentina I have a hard time believing. These are self reporting sources and I am sure that Indec provides the UN with the figures....indec provides the UN withh all but crime statas.
Oct 24th, 2012 - 05:13 pm - Link - Report abuse 03
Oct 24th, 2012 - 07:14 pm - Link - Report abuse 0As a part-time turnip, I say, we might be mid table in the world cup qualifiers, but we're still top of the table in somethings.
and here is some context to Think's #3 'missing infor':
Oct 24th, 2012 - 07:29 pm - Link - Report abuse 0Foreign Direct Investment Inflows,
$million
2010 2011 Full year change %
Brasil 48506 66660 37
Mexico 20709 19554 -6
Chile 15373 17299 12
Colombia 6899 13234 92
Peru 8455 8233 -3
Argentina 7055 7243 3
Venezuela 1209 5302 339
Uruguay 2289 2191 -4
Bolivia 643 859 34
http://unctad.org/en/PublicationsLibrary/wir2012_embargoed_en.pdf … Annex table 1.1
Year on year variation is massive, even for a 'stable' economy like Brasil's, and a half-year figure is even more dangerous.
but to cite the inflow **Variation** is disengenuous
eg 1 unit in 2010 -> 2 units in 2011 = 100% increase.
1000000 units in 2010-> 2000000 in 2011 = 100% increase.
but the mass flows are somewhat different :-)
And this is only FDI Inflows .... Outflows also condition the picture a bit.
Complex, I think.
@6
Oct 24th, 2012 - 07:42 pm - Link - Report abuse 0Yes, that is a good point. You really need to look at 5 year averages to get a good picture.
(6) GeoffWard2
Oct 24th, 2012 - 08:10 pm - Link - Report abuse 0Let us take three South-American Countries vith similar number of inhabitants…
Colombia, ~43 million people. The ”Super-Darling” of the USA, the FMI, the WB, the Credit Rating Agencies, the WSJ, the FT, the Economist, Mercopress :-) etc… etc.. etc… during the last many years......
They got: 7,798 millions of dollars during the 1st half of 2012 in Foreign Direct Investment
Perú, ~32 million people. The ”New-Darling” of the USA, the FMI, the WB, the Credit Rating Agencies, the WSJ, the FT, the Economist, Mercopress :-) etc… etc.. etc…
They got : 5,440 millions of dollars during the 1st half of 2012 in Foreign Direct Investment
Argentina, ~40 million people. An ” Economic-Pariah State”, an ”Unsafe Harbour for Investments” according to the Credit Rating Agencies, the WSJ, the FT, the Economist, Mercopress :-) etc… etc.. etc…
(+A State that just had had the Chuzpah of ”Nationalize” the assets of one big European Oil Company)
We got: 5,388 millions of dollars during the 1st half of 2012 in Foreign Direct Investment
Odd…… huhhhh?
Yeah odd that they are pirahs and 100 billion dollars defaulters.......weird coincidence they are are considered deadbeats.....oddd.....so fucking odd!
Oct 24th, 2012 - 09:07 pm - Link - Report abuse 0Think,
Oct 24th, 2012 - 11:02 pm - Link - Report abuse 0Do you have any numbers on where that $5,388 million comes from?
The article mentiones Chile and Mexico investing ca $10bn each in the region. I wonder how much of that is in Arg.
I couldn't find any numbers ... and seeing as you seem to have all the stats at your finger tips today...
that 5440 millions in Argentina is probably all done by Chilean Retailers Censosud and Fallabella buying off the rest of Argentine marketshares at the price of a bargain. Cencosud alone did just buy off Carrefour in Colombia for 2500 million only last week. So they alone did an operation worth the value of third of a year... in one day
Oct 25th, 2012 - 01:39 am - Link - Report abuse 0I seriously doubt that any significant amounts were from investment outside of South America. And we all know it's not in the oil industry
Oct 25th, 2012 - 10:40 am - Link - Report abuse 0Manrod, Captain,
Oct 25th, 2012 - 12:47 pm - Link - Report abuse 0That is what I was thinking, but I can find any numbers to back it up. Think says it is “odd” and I agree. The logical explanation is that much of FDI inflows to Arg are coming from Chile, Brazil, Mexico, i.e. countries that know the terrain and Argentina wouldn't have the desire or “Chuzpah” to mess with.
Worth noting that when Repsol was nationalised, CFK didn't touch the Chilean owned share.
I doubt whether the likes of Repsol are inwardly-investing in Argentina, but there are big-beasts from China who have the spare change to buy up big bits of Argentina.
Oct 25th, 2012 - 01:02 pm - Link - Report abuse 0Nobody, even CFK, dare expropriate Chinese assets in Argentina. So Chinese 'direct investment' is risk-free.
Perhaps they are buying in excess of $5.3trillion of prime land, largely 'below the counter', to safeguard China's future food needs.
Argentina will be (is being) sold off to the Chinese at 'vulture prices' because the Argentinan establishment needs the foreign income to stay in power.
14 Geoff
Oct 25th, 2012 - 02:01 pm - Link - Report abuse 0Do you know that or are you just speculating?
Has anyone found numbers of where Arg FDI inflows are coming from. I am inclined to agree with Manrod that it is coming from LatAm, but I can't find any info on the subject.
Hi C, #15.
Oct 25th, 2012 - 03:47 pm - Link - Report abuse 0only quoting from previous Mercopress articles.
'Limit placed on the % of land able to be sold to foreigners'...... Good in itself, but the % of *all* land is a high % of high grade famland.
There's bound to be lots of small purchases of 'small' farms (as in Uruguay) by farmers from the UK and elsewhere, but the mega-purchases of huge swathes of prime land are probably by overseas pension funds, big agrocompanies like Monsanto, and of course, public/private mega-companies starting with the prefix 'Sino ...'
Surely there is a national register of land-purchases and ownerships, or at least state registers, .... or at least ....
And a register will usually record the name of an Argentinian national who is on the company books specifically to get round the land sale regulations, so the real owner may never be revealed.
How they square this with the FDI Inflow statistical requirements is a thing only known by INDEC.
Ahhhhh... Number (16)
Oct 25th, 2012 - 05:08 pm - Link - Report abuse 0The “old insufferable” with his conspiration theories and his social acceptable Sinophobia .......
Told you before...................... try some Wabi-Sabi............... It helps.
Again in all likihood it is only SA countries investing in argentina, at best.
Oct 25th, 2012 - 07:15 pm - Link - Report abuse 0I still haven't found any info on where the Arg FDI comes from.
Oct 25th, 2012 - 07:18 pm - Link - Report abuse 0Anyone?
Ahhhh ... Wasabi
Oct 25th, 2012 - 07:57 pm - Link - Report abuse 0Just repeating recent themes in the South American papers/TV news/agencies.
You don't seem to be refuting any of my points, however.
Have a look at my points in #16; some of these points might be wrong.
#19 the original story comes from a UN press release. However they get there information on these stats from the countries themselves.......in the case of argentina...that is Indec.
Oct 25th, 2012 - 09:24 pm - Link - Report abuse 0#2&3 Exactly, that stood out at me too =)
Nov 01st, 2012 - 12:49 pm - Link - Report abuse 0Just realised that Argentina's Inward Foreign Direct Investment is the vulture funds.
Nov 01st, 2012 - 03:30 pm - Link - Report abuse 0Makes you smile?
Are the so called ....vulture funds illegal? Before they owned the bonds.....someone else most have loaned the money to argentina....does it matter who possesses the bonds that argentina borrowed and refuses to pay back?
Nov 02nd, 2012 - 01:34 am - Link - Report abuse 0#24 Yes it does matter, if they payed the last owner one-thousandth of what they want to extort from Argentina...
Nov 02nd, 2012 - 09:58 am - Link - Report abuse 0SO BK you are telling me that the people that give them the money was only getting one-thousandth of what they borrowed back? Really...thats right in you mind.......They borrow 1,000,000 lets say and they pay back 1,000?
Nov 02nd, 2012 - 12:15 pm - Link - Report abuse 0Do you know what bearer bonds are? Did the contract of the loan say the bonds can not be sold?
#26 “are telling me that the people that give them the money was only getting one-thousandth of what they borrowed back?”
Nov 02nd, 2012 - 06:35 pm - Link - Report abuse 0No
So were the original lenders not allowed to sell the contractual bonds they loaned to Argentina?
Nov 02nd, 2012 - 09:05 pm - Link - Report abuse 0Commenting for this story is now closed.
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