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Browse Archive GIT Are the Good Times Over? Foreign Investment Declines in Latin America - September 2001
Browse Archive GIT Are the Good Times Over? Foreign Investment Declines in Latin America - September 2001 | Are the Good Times Over? Foreign Investment Declines in Latin America - September 2001 |
2001 has been a year of weakened investor confidence. The US emerged from a divisive election, questioning its own democratic institutions. Argentines lost faith in their leaders as their economy teetered on default. Investors lost confidence in the Brazilian and Chilean currencies that have dropped on average 32% since January. Now, the terrorist attacks have shaken deeper foundations of the US economy and stock markets that expanded unfettered for a record nine years. In times of uncertainty, companies retreat from risk. Foreign direct investment will drop more than 40% in 2001 after ten consecutive years of growth. |
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