TITLE:
Possible Effects of Economic Public Policies Implemented in Brazil after the Financial Crisis of 2008 on Foreign Direct Investment
AUTHORS:
Maurício Loboda Fronzaglia, Álvaro Alves de Moura Júnior, Joaquim Carlos Racy, Pedro Raffy Vartanian
KEYWORDS:
Financial Crisis, Public Policy, Brazil, Foreign Direct Investment
JOURNAL NAME:
Theoretical Economics Letters,
Vol.9 No.8,
December
9,
2019
ABSTRACT: The objective of this article is to evaluate the
effects of public economic policies, implemented in response to the economic
crisis of 2008, on the flows of foreign direct investment in Brazil. It
demonstrates, through the political sociology of public action, that the crisis
generated a change in the references of Brazilian economic policies: from the
policies of the so-called “macroeconomic tripod” to policies of the new
economic matrix. The implementation of this change is expressed in multiple
government actions, including the use of the National Bank for Economic and
Social Development, to stimulate the internationalization of Brazilian
companies. It seeks to identify the possible effects of public action through
data on the evolution of direct foreign investment and the use of the Grubel-Lloyd
index.