As raízes financeiras do investimento direto estrangeiro: notas sobre a experiência brasileira recente
- Autores
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André Luís Forti Scherer
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- Palavras-chave:
- Finanças, Investimentos estrangeiros
- Resumo
- This article focuses on some frequently neglected aspects of the relationship between financial globalization and the growing level of foreign direct investment (FDI). Actually, financial globalization and institutional investors have an increasing importance in non-financial entrepreneurs decisions, who act under short run horizons in search of quick and high assets returns. Foreign direct investments, as considered like a long run's type of investment, are usually analyzed only on their productive aim. But, in a "financial dominated economy" as says Chesnais, the organization of the capitalism leads to a predominance of assets transfer rather than of wealth creation. At FDI’s level, the growing part of international mergers and acquisitions and the important participation of international investors on privatization processes show that buying and selling assets is preferable than creating new ones, and it's also valuable for multinational groups. This article tries to incorporate at Dunning's FDI theory some elements to contemplate this new reality. On a second part, it examines the Brazilian's recent evolution on FDI inflows, which shows a pattern marked for the financial globalization that’s very different than that viewed in other moments of Brazilian economic history.
- Downloads
- Edição
- v. 20 n. 2 (1999)
- Seção
- Artigos
- Licença
- A remessa dos artigos à revista implica a cessão dos direitos autorais à FEE.