Columbia International Affairs Online: Policy Briefs

CIAO DATE: 03/2010

Outward investment by Trans-Latin enterprises: reasons for optimism

Michael Mortimore, Carlos Razo

August 2009

Columbia Center on Sustainable Investment


Despite the current economic crisis, outward foreign direct investment (OFDI) by Latin American and Caribbean enterprises continued its upward trend in 2008 (annex figure 1). OFDI by firms in the region reached nearly USD 35 billion in 2008, an increase of 42% with respect to 2007 (ECLAC, 2009a). However, several of the factors that fostered such growth have recently changed, possibly affecting OFDI prospects for 2009.