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The foreign direct investment in a new industrial strategy

ABSTRACT

The paper discusses the normative principles on which Brazilian policies towards foreign direct investment should be bared. It starts from considerations about global trends regarding world industrialization and trade - especially as connected with new technological developments - and seeks to identify some crucial elements in the relationship between Brazil and the world economy to be shoped by multinational corporations. Next the paper deals with issues related to market access and technological transfer emphasizing the importance of foreign firms for the future of Brazilian industrialization and export performance.

KEYWORDS:
foreign direct investment; industrial policy; liberalization

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E-mail: cecilia.heise@bjpe.org.br