Grau de desenvolvimento, ambiente macroeconômico e geografia: uma análise da posição brasileira em investimentos diretos Development stage, macroeconomic environment and geography: an evaluation of the brazilian position in direct investments

This article tackles the dynamic segment of the international business literature, by putting together analyses that are useful for an evaluation of the Brazilian position in foreign direct investments, on three sets of elements, namely: the stage of economic development, the pattern of economic evolution and some structural geographic features of the country. On the first, we evaluate the Brazilian situation within the Investment Development Path (IDP) proposed by John Dunning, as we preceded we a regression originally designed by Dunning, and scatter plots. On the second, we discuss the specific factors of the Brazilian macroeconomic environment of the nineties. As for the third set, we recommend the usage of gravity equation models, now used for international trade analyses, and we present estimates over a data set of 123 countries.