FINANCIARIZACIÓN, INVERSIÓN EXTRANJERA DIRECTA Y COVID-19, EN PAÍSES LATINOAMERICANOS
Abstract
Foreign Direct Investment (FDI) is increasingly aligning itself with financialization processes, seeking short-term profits, using tax exemptions as an investment objective, and participating in real estate markets. This creates enclave economies, facilitates real estate investment, and produces uneven spatial development. The intense globalization of the late 20th and early 20th centuries, through offshoring processes, led FDI to travel long distances, with the aim of making Global Value Chains (GVCs) more efficient, reducing their costs, and opening up the possibility of participating in other markets. These relocation strategies have not been without their challenges, but during the COVID-19 pandemic, they reached a critical point, exposing the weakness of GVCs and raising the need to relocate processes closer to their final destinations. This research argues that relocation processes were underway since the beginning of the century, when problems in the GVCs were already evident, and that not only was there no post-pandemic effect, but the New Investment component of the FDI indicator had been on a downward trend for several years.

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