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  • Thumbnail for Striving Towards Global Equality: The Relationship Between Foreign Direct Investment, Economic Growth and Human Capital Accumulation in Latin American Countries
    Striving Towards Global Equality: The Relationship Between Foreign Direct Investment, Economic Growth and Human Capital Accumulation in Latin American Countries by Roca, Jennifer Stacy

    Over the last century, Latin American countries have experienced positive economic growth, but with one in five Latin Americans living in poverty throughout rural and urban communities, it is pertinent for Latin American countries to attract foreign direct investment. This paper contributes to economic literature by exploring the relationship between foreign direct investment, economic growth and human capital accumulation in 19 Latin American countries and finds that both foreign direct investment and human capital accumulation have a significant impact on gross domestic product (GDP) per capita. However, when the economic model controls for literacy rates, foreign direct investment loses its significance and explanatory power meaning that Latin American countries should concern themselves with, and implement policy changes that promote, the accumulation of human capital.