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Caribbean & Central America - July 2015 (ISSN 1741-4458)

REGION: Eclac highlights damaging effects of FDI incentives

In a recent report, the United Nations (UN) Economic Commission for Latin America and the Caribbean (Eclac) looked in depth at foreign direct investment (FDI) in the Caribbean. The 4.7% decline in FDI in 2014 (to US$6.027bn) was disappointing but much less severe than the 16% decline recorded by Latin America and the Caribbean as a whole. However, FDI to the Caribbean is down a much larger 37% since 2008; and the Eclac report includes some thought-provoking analysis of the problems created by competing incentives given by Caribbean nations to attract foreign investment.

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