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Foreign direct investment (FDI) in Brazil, started in the 19th century, a transition period between the Empire and the beginning of the Republic (1860-1913), when fdi theories had not yet been formulated. The British were the main investors worldwide, also in Brazil, responsible for developing essential sectors. In addition to the Europeans, the Americans also saw opportunities in the country, contributing later to the industries’ installation. To better understand foreign investments in Brazil, as well as the installation of multinationals in the transition from the Empire to the Republic, we highlight the foreign investment process and the country’s industrialization. The main contribution of this work is research pointing out the historical landmark of foreign investment in Brazil in the analyzed period, allowing to understand the country’s urban and social development.

The present article seeks to illustrate the change of economic model in Latin America from the crisis of 1929 and the transition from the model focused “outwards” to the “internal market”, using mainly the case of Mexico. It will also explain the effects of the Second World War on the major Latin American economies and the emergence of explicit industrialization policies in these countries. Based on the analysis of primary and secondary sources, the so-called Chapultepec Conference (1945) will be examined, with an emphasis on the structure of debate and contrast in the positions of Latin American countries, interested in maintaining and expanding economic nationalism and its processes of industrialization, which managed to moderate the free-trade economic proposals promoted by the United States

El propósito de este trabajo es repasar la historia de Nacional Financiera S. A. como banco de fomento en relación con el sector industrial, entre 1940 y 1982, con el objetivo de comprender sus principales características y sus limitaciones más importantes respecto al proceso de industrialización vía sustitución de importaciones. Para cumplir este objetivo resulta necesario enmarcar la participación de la institución en la lógica del proceso de industrialización y las políticas económicas mexicanas. Por las propias características del objeto de estudio y de la metodología de análisis, es necesario incluir este trabajo entre los debates acerca de los problemas de la sustitución de importaciones en América Latina y, en particular, las discusiones sobre la industrialización mexicana.In Mexico, although Nacional Financiera S. A. was founded in the mid-thirties, it was defined as a development bank in the early forties, with the beginning of the import substitution industrialization process. Therefore, the purpose of this study is to revise the history of the institution and its relation with the industrial sector between 1940 and 1982. In order to do so, we believe it is necessary to take into account the logic of the industrialization process and the Mexican economic policies. Thus, this work aims to be a contribution to the study of the role played by the financial structure in the industrialization process in Mexico. Also, due to the characteristics of the subject of this study and the methodology, this work fits in the discussion about the problems of the import substitution industrialization in Latin America, and in particular the debates on the Mexican industrialization.