Tendencias Recientes de la Inversión Extranjera Directa en Uruguay

Gustavo Bittencourt (), Gastón Carracelas, Andrea Doneschi () and Nicolas Reig Lorenzi ()

No 2709, Documentos de Trabajo (working papers) from Department of Economics - dECON

Abstract: International tendencies in Foreign Direct Investment (FDI) show that transnationalization process increased quickly in the last years. Uruguay showed in the nineties a good capacity of attract FDI. However, since the economic recovery after the 2002 crisis, the country saw huge amounts of FDI. The entrance flow of FDI reached in 2007-2008 an annual average of US$ 1,594 millions, equivalent to the 5.5% of the GDP. This paper analyzes the tendencies and evolution of the FDI in the country from the nineties and the economic changes related with the foreign capital and its role in the recent growth phase. We specially discuss if the increase in the FDI could contribute to the growth sustainability in the medium and long term, with the diversification of the productive structure and the incorporation of technology and innovation in the productive processes, increasing high value added exports and improving the trade specialization of Uruguay.

Keywords: Foreign Direct Investment; Transnational Enterprises. (search for similar items in EconPapers)
JEL-codes: F10 F21 F23 Y (search for similar items in EconPapers)
Pages: 50 pages
Date: 2009-11
References: Add references at CitEc
Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:ude:wpaper:2709

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