here,a part of the text about brazilian investiments in argentina,of the link above

ARGENTINA: The Brazilian Investment Invasion
By Marcela Valente*

BUENOS AIRES, Jun 11 (IPS) - Heavily invested in the oil and cement industries, as well as mining and steel, textiles, cosmetics, banks, food and beverages, Brazilian capital is edging Europe out of pole position in foreign direct investment (FDI) within Argentina.

Its expansion is part of a general upward trend in foreign investment originating from developing countries. Within the global context, the surge of private investment from Brazil into Argentina, its largest neighbour, is seen by experts as one of the most dynamic regional examples of the phenomenon.

"Brazil is the source of between 35 and 40 percent of FDI in Argentina," said Fernando Porta, one of the authors of a study titled "La internacionalización de las empresas brasileñas en Argentina" (Internationalisation of Brazilian Companies in Argentina), published by the Buenos Aires office of the Economic Commission for Latin America and the Caribbean (ECLAC).

Argentina has been receiving an average of four billion dollars a year in FDI since 2003, nearly 40 percent of which comes from Brazil. Of that Brazilian capital, 55 percent went into mergers and acquisitions, 25 percent into expansion of existing investment and the remaining 20 percent into installing new capacity

Proud Brazilian 21 mar 2009, 05:22 - Denunciar