Private Versus Public Foreign Investment in Under-Developed Areas

  • Felipe Pazos
Part of the International Economic Association Series book series (IEA)


This paper is intended to examine a policy issue that has been widely discussed in the last decade and its title is worded in the simplified terms in which the issue has been commonly debated. Since the terms private and public are not completely clear and precise when referring to investment, we will begin by discussing their meaning.


Direct Investment Latin American Country Public Investment Foreign Capital Equity Capital 
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  1. 1.
    International Monetary Fund, Balance of Payments Manual (Washington, 1948).Google Scholar
  2. 1.
    United Nations, Foreign Capital in Latin America, 1954, p. 5.Google Scholar
  3. 3.
    W. Leontief, Studies in the Structure of the American Economy (New York, 1953), p. 492.Google Scholar
  4. 1.
    United Nations, Economic Co-operation in a Latin American Development Policy, 1954.Google Scholar

Copyright information

© International Economic Association 1961

Authors and Affiliations

  • Felipe Pazos
    • 1
  1. 1.Banco Continental CubanoCuba

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