On the brighter side of things again, Latin American economies have proved more open to foreign investments than Asia. Since the 1950s, foreign multinationals have controlled far larger shares of industrial production in Latin America than in the East Asian success stories, according to the UN Conference on Trade and Development. The World Bank reported that foreign investment and privatization have tended to substitute for other capital flows in Latin America, transferring control and sending profits abroad, unlike East Asia.
Meanwhile new socio-economic programs under way in Latin America are reversing patterns that trace back to the Spanish conquests – with Latin American elites and economies linked to the imperial powers but not to one another. Of course this shift is highly unwelcome in Washington, for the traditional reasons: The United States has expected to rely on Latin America as a secure base for resources, markets and investment opportunities. And as planners have long emphasized, if this hemisphere is out of control, how can the United States hope to resist defiance elsewhere?
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
Meanwhile new socio-economic programs under way in Latin America are reversing patterns that trace back to the Spanish conquests – with Latin American elites and economies linked to the imperial powers but not to one another. Of course this shift is highly unwelcome in Washington, for the traditional reasons: The United States has expected to rely on Latin America as a secure base for resources, markets and investment opportunities. And as planners have long emphasized, if this hemisphere is out of control, how can the United States hope to resist defiance elsewhere?
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
No comments:
Post a Comment