The Economic Commission for Latin America (ECLA) -the Spanish acronym is CEPAL- was established by Economic and Social Council resolution 106(VI) of 25 February 1948 and began to function that same year.
(3 May 2012) Latin America and the Caribbean received US$153.448 billion from foreign direct investment (FDI) in 2011, which represents 10% of the global total flows according to a report presented today by the Economic Commission for Latin America and the Caribbean (ECLAC) in Santiago, Chile.
This is about the largest amount of FDI received by the region so far, as stated in the report entitled Foreign Direct Investment in Latin America and the Caribbean 2011. In 2010, the region received US$120.880 billion, whereas in 2009, due to the international economic crisis, investments decreased to US$81.589 billion. Until then, the highest record had been registered in 2008, when investments amounted to US$137.001 billion.
In 2011, the main foreign direct investment recipients in the region were Brazil (US$66.660 billion, representing 43.8% of the total of flows into the region), Mexico (US$19.440 billion), Chile (17.299 billion), Colombia (US$13.234 billion), Peru (US$7.659 billion), Argentina (US$7.243 billion), Venezuela (US$5.302 billion) and Uruguay (US$2.528 billion). Of these countries, Brazil, Chile, Colombia, Peru and Uruguay reached historic records.
This is the LINK for the whole document.
Los Tiempos wrote:
Bolivia received only 0.71% of the total of the direct foreign investments made in South America during 2011, said yesterday the Economic Commission for Latin America and the Caribbean (ECLAC).
The report “foreign direct investment in Latin America and the Caribbean” reveals that the amount of investment received by the countries of the region was $121,318 million, of which $859 million reached Bolivia.
The document advises that the foreign direct investment (FDI) received by Bolivia grew 28 per cent between 2010 and 2011, from $672 million to $859 million, a difference of $187 million, but the figure is still far away from what our neighbors received.
I have to say that no one is self-sufficient, we need foreign investment to grow. Unfortunately, our current policies do not really enforce and protect proprietorship nor guarantee investors that international laws will be respected.