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.
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© 2005 International Economic Association
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Guedes, C.M., Olivares, M.G. (2005). Portuguese Investment in Brazil — the Challenges of an Iberian Logic. In: Graham, E.M. (eds) Multinationals and Foreign Investment in Economic Development. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9780230522954_11
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DOI: https://doi.org/10.1057/9780230522954_11
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