O investimento direto externo na economia brasileira e seus impactos na conta de transações correntes

Abstract

The Foreign Direct Investment had an important role in different periods in Brazil, either as the main actor in the industrialization process of the country in the period from the end of World War II until the mid 70’s, or as a source of financing deficits on current account accumulated by the country, mainly during the 90’s and the 2000’s. The continued use of this financing strategy, however, becomes doubtful due to the recent dynamics of investments of foreign companies in Brazil, which is contributing increasingly to external financial fragility of the country. This graduation thesis seeks to give an overview of the flows of foreign direct investment in the Brazilian economy in the pre and post-trade and financial openness, and its impact on the national economy as well as its contribution to the external fragility process in which Brazil is. Modes of deployment and operations of multinational companies in the country, especially after the opening period, were investigated in order to show that these firms are embedded in the logic of internationalization of production that prioritizes short-term rather than the long term.