Foreign direct investment, FDI, in Argentina fell 30% in the first six months of this year, while the whole of Latin America and the Caribbean received 54% more, the United Nations Economic Commission for Latin America said in a report on its website.
“The increase in FDI inflows is due to the stability and economic growth in most of the countries and the high prices of raw materials, which continue to attract investment in mining and hydrocarbons, particularly in South America,” the report said.
Such are the prices paid by Argentina, a commodities-rich nation, for their redistributive policies of populism. There are trade-offs, and less FDI for more control of the capital in your country is one that Christina Fernandez has chosen. Fuerza!