Understanding Brazilian FDI - an investigation on the relationship between internationalization and economic structure

This paper analyses the Brazilian trajectory of foreign investments, exploring the links by which economic structure has shaped the competitive advantages of Brazilian firms investing abroad. We apply the investment development path (IDP) framework proposed by Dunning, which provides the tools to explain a micro phenomenon with macroeconomic evidence. From this departing point, the paper aims to shed light on some aspects of the country's structure and recent events that had impact on the economic sphere, in order to further explain the position that Brazil holds in its IDP graph.