Despite all the talk of increased U.S. attention in Latin America, the U.S. business community is actually investing less there than before. While the rate of direct U.S. private investment in Western Europe rose by 36% during the first nine months of 1960, new U.S. private investment* in Latin America for all of 1960 is estimated at less than half of what the U.S. invested during 1959, only about one-sixth of what it ventured in the peak year of 1957 (see chart).
Behind this considerable falloff are many purely economic considerations. The...
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