Crawling up the value chain: domestic institutions and non-traditional foreign direct investment in Brazil, 1990-2010

Revista de Economia Política

Patrick J. W. Egan¹ 

关键词: multinational enterprises;    foreign direct investment;    Brazil;    industrial policy;    investment promotion;    innovation;    export promotion;    Empresas multinacionais;    investimento estrangeiro direto;    Brasil;    política industrial;    promoção de investimentos;    inovação;    promoção das exportações;   

DOI  :  10.1590/0101-31572015v35n01a09

来源: SciELO

【 摘 要 】

Brazil attracted relatively little innovation-intensive and export-oriented foreign investment during the liberalization period of 1990 to 2010, especially compared with competitors such as China and India. Adopting an institutionalist perspective, I argue that multinational firm investment profiles can be partly explained by the characteristics of investment promotion policies and bureaucracies charged with their implementation. Brazil's FDI policies were passive and non-discriminating in the second half of the 1990s, but became more selective under Lula. Investment promotion efforts have often been undercut by weakly coordinated and inconsistent institutions. The paper highlights the need for active, discriminating investment promotion policies if benefits from non-traditional FDI are to be realized.

【 授权许可】

CC BY   
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