Abstract
This chapter aims to address the general institutional framework of foreign direct investment (FDI) in Brazil. We will, more particularly, focus on the economic and institutional changes in Brazil from the period of import substitution policies to the period of reforms in the 1990s, in which the country implemented a new model of development based on free competition, fiscal responsibility, and economic openness. Furthermore, we will analyze the evolution and patterns of FDI, and draw some conclusions about the strategies and performance of multinationals in the country, comparing the period before and after the global financial crisis of 2008.
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