Publication
Portuguese investments in Brazil : traditional determinants and the contribution of cultural proximity
| Summary: | The main concern of this research project is to identify the contribution of cultural proximity as a major determinant in the investment decision of a well defined set of Portuguese firms in Brazil. The analysis is conducted in the context of the recent internationalisation process of Portuguese economy. In fact, if we take a closer look at the evolution of Portuguese economy for the past five years, we won't be surprised to find out that the internationalisation of its best performing companies is one of the main features. Actually, despite the relative low levels of development, Foreign Direct Investment (FDI) has always been a part of the evolution of Portuguese economy, mainly as inward FDI. However, the structural changes the Portuguese economy has been undergoing for the last twenty years (corresponding to the adhesion to the European Economic Community, in 1986) have contributed to the important transformations concerning outward FDI. |
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| Main Authors: | Costa, Carla Guapo da |
| Subject: | Portuguese Economy Internationalisation Process Forign Direct Investment Investment Decision Portuguese Firms Portugal Brasil |
| Year: | 2002 |
| Country: | Portugal |
| Document type: | working paper |
| Access type: | open access |
| Associated institution: | Universidade de Lisboa |
| Language: | English |
| Origin: | Repositório da Universidade de Lisboa |
| Summary: | The main concern of this research project is to identify the contribution of cultural proximity as a major determinant in the investment decision of a well defined set of Portuguese firms in Brazil. The analysis is conducted in the context of the recent internationalisation process of Portuguese economy. In fact, if we take a closer look at the evolution of Portuguese economy for the past five years, we won't be surprised to find out that the internationalisation of its best performing companies is one of the main features. Actually, despite the relative low levels of development, Foreign Direct Investment (FDI) has always been a part of the evolution of Portuguese economy, mainly as inward FDI. However, the structural changes the Portuguese economy has been undergoing for the last twenty years (corresponding to the adhesion to the European Economic Community, in 1986) have contributed to the important transformations concerning outward FDI. |
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