Abstract
THE GENERAL LATIN AMERICAN VIEW OF PRIVATE FOREIGN INVESTMENT:The climate for private foreign direct investment is deteriorating rapidly in many countries of Latin America as the socialization of development is becoming not only more widespread, but also more leftist-oriented. Paradoxically, the gap between the lip-service paid to, and actual policies adopted regarding private foreign investment in this region, is increasing as rapidly as is the need for such external investment inflows. The contemporary Latin American attitude towards private foreign direct investment, especially with respect to investments by international corporations, is summarized below.© 1972 JIBS. Journal of International Business Studies (1972) 3, 69–94
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