: CHUDNOVSKY, Daniel; LOPEZ, Andrés; LAPLANE, Mariano; BITTENCOURT, Gustavo; DOMINGO, Rosário; MASI, Fernando; SARTI, Fernando; HIRATUKA, Célio; SABBATINI; Rodrigo Year
Daniel Chudnovsky (coordinator)
Mercosur, and Argentina and Brazil in particular, have been important centers for attracting foreign direct investment (FDI) during the 1990s. For this reason, the presence of transnational companies has grown substantially in the four Mercosur countries. When the participation of the transnational branches in external sales and trade structures is considered, these economies rank among the most ?transnationalized? in the world.
A phenomena of this size begs a series of questions that the research undertaken in the four Mercosur countries and presented in this book try to answer:
Has the privatization of public companies been the fundamental cause of the FDI boom?
In addition to exploring the internal market, have transnationals generated significant inflows of exports? Have exports been greater than imports?
Have transnationals modified the pattern of external trade of the region?s countries? What are the differences with respect to branches that operate in Brazil in relation to those that operate in other Mercosur countries?
What has been the impact of FDI on financing the balance of payments?
Has the increase in FDI been reflected in a parallel increase in investment rates in the region?s economies?
Are the policies used to attract FDI up until now the only option for securing greater and better investments?