New LAC Working Paper in Political Economy: Institutions and Foreign Direct Investment in Latin America: A New Emerging Reality

The latest LAC Working Paper in Political Economy analyses the link between the improving performance of specific sectors of the economy and the attraction of FDI in Latin America. The paper based on data from 19 countries highlights the role of domestic and international institutions in explaining these results.  Its author, Michael Penfold, is director of Public Policies and Competitiveness of CAF Development Bank of Latin America and Associate Professor at Instituto de Estudios Superiores de Administración, Caracas, Venezuela.