Slow Flow.Mega-deals are few. Foreign companies are nervous about Brazil and Argentina. And privatization privatization: see nationalization. privatization Transfer of government services or assets to the private sector. State-owned assets may be sold to private owners, or statutory restrictions on competition between privately and publicly owned has petered out. The result? A 21% drop last year in long-term foreign investment in Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. and expectations for another 10% decline in 2001, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the United Nations Economic Commission for Latin America Noun 1. Economic Commission for Latin America - the commission of the Economic and Social Council of the United Nations that is concerned with economic development in Latin America and the Caribbean. But not all the news is gloomy: Foreign investment rose in Mexico last year to US$13 billion, up $1.2 billion from 1999. Citigroup's $12.5-billion purchase of Banamex will push it up again for 2001. [Graph omitted] |
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