Foreign direct investment and transnational corporations in Brazil: recent trends and impacts on economic development

Abstract

During the 1990s, particularly in the second half of the decade, there was a boom in foreign direct investment (FDI) flows to the Brazilian economy, which translated into an increase in the already large role of foreign corporations in the Brazilian productive structure. The paper aims to analyse the effects of this process on foreign trade, productivity, employment, and the technological capabilities of the Brazilian economy