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O Investimento Direto Estrangeiro e a internacionalização da economia brasileira nos anos 1990

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  • Laplane, Mariano Francisco
  • Sarti, Fernando

Abstract

This paper analyses the process of internationalization of Brazilian manufacturing during the nineties. Important differences were found comparing the Brazilian experience to the cases of Mexico, South Korea and China. In Brazil, the "inward" internationalization process was characterized by the transference of property of domestic companies to foreign investors, without proportional counterpart investment by Brazilian companies overseas. Other important difference was the asymmetry between the expressive increment of imports, both of final goods and inputs, and the barely modest growth in exports. As a result, tensions arose between the macroeconomic and microeconomic dimensions of the internationalization process, emerging from a more efficient manufacturing structure contributing paradoxically to aggravate the external vulnerability of the Brazilian economy.

Suggested Citation

  • Laplane, Mariano Francisco & Sarti, Fernando, 2002. "O Investimento Direto Estrangeiro e a internacionalização da economia brasileira nos anos 1990," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 18, pages 1-32, January.
  • Handle: RePEc:euc:ancoec:v:18:y:2002:p:63-94
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    More about this item

    Keywords

    Economic growth; Foreign trade; Productive internationalization; Manufacturing structure; Foreign Di;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • L23 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Organization of Production

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