Brazil attracts more investments
O Estado de S. Paulo
Unlike what happened in the rest of the world, the flow of Foreign Direct Investments (FDI) to Brazil increased 30.3% in 2008 compared to 2007, to US$ 45.1 billion. The Country climbed four positions up in the ranking of the main destinations of investments last year, achieving 10th place, becoming the most internationalized economy of the BRIC countries, group of emerging countries that also includes Russia, India and China.
Last year, the international volume of FDI had a 14.2% fall, to US$ 1.697 trillion. Among the developed economies, the flow retracted 29.2%, to US$ 962.3 billion. This is the conclusion of the report on the volume of Foreign Direct Investment (FDI) in the world in 2008, made by the Brazilian Society for the Study of Transnational Companies and of Economic Globalization (Sobeet) from data of the United Nations Conference on Trade and Development (Unctad).
In the ratio between the stock of FDI and the Gross Domestic Product (GDP) of each BRIC country, Brazil has presented the best ratio, 18.3%. According to the Unctad, the flow of FDI in the world in relation to the global GDP is of 26.9%, which indicates there is a significant growth potential for Brazil and the other countries of the BRIC. "Never has the perception of the foreign investor been so positive in relation to Brazil as it is now", evaluates the president of Sobeet, Luís Afonso Lima. According to him, such improvement in the evaluation of foreigners is due to the good grounds of the Brazilian economy, which remained sound even amid the global economic crisis. He mentioned as examples the control of inflation, the tax policy and, mainly, the foreign sector.
This view of the foreign companies in relation to Brazil caused the Country to climb up from the 14th to the 10th position in the ranking of the main destinations of investments last year. And according to the Unctad, Brazil should improve even more in this ranking and achieve the 4th place until 2011.