1. Inversión extranjera, privatizaciones y bancos foráneos en los países en desarrollo: el caso de China.
- Author
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Garcia, Juan Gonzdlez and Daza, Alfredo S´nchez
- Subjects
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INTERNATIONAL cooperation , *FOREIGN investments , *INTERNATIONAL finance , *INTERNATIONAL economic relations - Abstract
In this article, the international flows of capital are analyzed, mainly the directed ones towards tile underdeveloped countries during the Nineties. We emphasized the particular case of the direct foreign investment (FDI). We raised that, although, at the beginning of that decade the FDI entered those countries massively, at the moment, ill the early years of the new century, the main reasons that attracted it tend to finished for some countries, whereas in other they begin to act. In general, we concluded that several uncertainties in relation to the tendencies of the FDI in the next years exist, also we questioned the theoretically counteract paper of the foreign bank on the financial fragility of the developing countries. In this context, we analyzed the case of China, like an exception to the general tendency, from its economic opening of 1978, but, concluded that, with its enter to the World Trade Organization (WTO), its financial and banking system in particular, could emulate the general tendency and to undergo the pernicious effects of the loss off financial and monetary sovereignty, characteristic of most of the underdeveloped countries. [ABSTRACT FROM AUTHOR]
- Published
- 2002