1. POR QUE É BAIXO O INVESTIMENTO DIRETO DAS FIRMAS BRASILEIRAS NO EXTERIOR?
- Author
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Prochnik, Victor
- Subjects
- *
FOREIGN investments , *BUSINESS size , *EXPORT & import trade of commercial products , *TECHNOLOGY & economics ,ECONOMIC conditions in Brazil - Abstract
The paper discusses the recent trends in, and outlook for, Brazilian outward foreign direct investment (FDI). It shows that outward FDI from Brazil has declined against that from other developing countries and it analyses the prospects for recovery. A survey of the international literature reveals that outward FDI benefits both the investing firm and the home country. It is thus relevant to ask why outward FDI by Brazilian firms is so low. In answer, the article surveys the literature on Brazilian outward FDI and presents new evidence in terms of the firm (Brazilian firms are small and they prefer the home market), product (commodities are the main export), technology (low innovation rate), industry (Brazilian firms generally belong to mature or competitive sectors) and the economy (unsuitable financial system and high interest rates). [ABSTRACT FROM AUTHOR]
- Published
- 2008