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| Author: | Oliveira, G. Hochstetler, R. Kalil, C. |
| Title: | Competition policy and FDI: possible relationships based on Brazil's experience |
| Journal: | Transnational Corporations
2001 : APR, VOL. 10:1, p. 69-88 |
| Index terms: | COMPETITION FOREIGN INVESTMENT DIRECT INVESTMENT BRAZIL SOUTH AMERICA |
| Freeterms: | FDI |
| Language: | eng |
| Abstract: | Based on evidence from a sample of 66 countries and information on mergers and acquisitions from the Brazilian competition authority, this note attempts to show three points: (i) there appears to be no evidence that the development of competition policy deters foreign direct investment inflows; (ii) Brazil's experience suggests that mergers and acquisitions involving foreign capital merit scrutiny by the competition agency because of their potential effects on competition; (iii) there is a significant level of denationalization of Brazilian firms reflected in the sample chosen, but the phenomenon does not not seem to present specific competition problems that would justify a differential treatment, such as a possible change in the notification requirements for foreign firms. |
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