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Portuguese Investment in Brazil — the Challenges of an Iberian Logic

In: Multinationals and Foreign Investment in Economic Development

Author

Listed:
  • Cézar Miranda Guedes

    (Federal Rural University of Rio de Janeiro)

  • Mario Gomez Olivares

    (Technical University of Lisbon)

Abstract

Since the 1980s, the world economy has undergone a process of institutional change characterized by systematic financial deregulation and a wave of privatizations. The globalization of trade, finance and production has thus gathered momentum, side by side with the expansion of transnational and multinational enterprises, which have reached a tremendous financial weight, increasing international liquidity and intensifying the search for short-term profits (Scherer, 1999). With regard to Latin America, the fact that — unlike the situation in the past-trade and investment have ‘drifted apart’ and become increasingly independent of one another is also worthy of notice.

Suggested Citation

  • Cézar Miranda Guedes & Mario Gomez Olivares, 2005. "Portuguese Investment in Brazil — the Challenges of an Iberian Logic," International Economic Association Series, in: Edward M. Graham (ed.), Multinationals and Foreign Investment in Economic Development, chapter 11, pages 212-233, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-52295-4_11
    DOI: 10.1057/9780230522954_11
    as

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