This study presents three main aspects: the behavior of foreign investment in Latin America that is characterized based on various indicators, the relevance that Asian investments have been acquiring with a special focus on China, as well as the investment of the "multilatins" as a mechanism of intra-regional integration, and finally, the identification of new challenges which the Latin American countries are going to have deal with in order to increase FDI and, above all, to impact in the different economies of the region.