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The current government's orientation to delink FDI from Brazilian development deepens the distortions generated during the FHC period and studied by economists Mariano Laplane, Fernando Sarti, Célio Hiratuka and Rodrigo Sabbatini, from Unicamp. They found that, despite the significant increase in FDI in Brazil, from 0,9% of the world total between 1987 and 1992 to 4,5% in 1999, “the majority of investments were not destined to the formation of new productive capacity, but to that already existing, a fact that explains the relationship between gross fixed capital formation and GDP remaining stable, even with the large increase in the volume of FDI”.
