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The phenomenon of globalization and market expansion, accentuated by the propagation of neoliberal ideals, made it possible for the economic agents to transpose state borders with great ease, implying a great challenge to the governance of states, considering that the traditional concept of sovereignty was not sufficient to regulate the relations that took place at the transnational level. The fluency and voltuosity of the commercial activities enabled the extraordinary growth of the activities of the so-called transnational companies, whose economic potential became decisive for the actions of the States, which began to compete with each other, with the formalization of international agreements and with the flexibilization of internal rules, in order to become attractive ground for foreign investment. Thus, through the deductive method, the study will analyze the consequences of deregulation, in order to conclude that the investments made will not always have an impact on the development of States. [ABSTRACT FROM AUTHOR]