|•||the nature of the flows;|
|•||their environmental implications; and|
|•||the pressure points for affecting investor behavior -- while increasing private investment in developing countries.|
Each of these areas are explored in this book.
This chapter provides a taxonomy of private capital flows to developing countries. It considers their amounts, types, locations, sectors, and sources. Chapter 3 then looks at the experience with private flows in four Latin American countries. Parts of the book consider their environmental effects (good and bad) as well as the steps that can be taken to increase their environmental benefits.
The role of ODA as the primary engine of development has been eclipsed by the private sector in many developing countries, including several in Latin America. 2 In the first half of this decade, private capital flows to developing countries more than quintupled from US$44 billion in 1990 to US$243 billion in 1996. 3 These figures compare to average ODA transfers