Changing patterns of foreign direct investment and implications for Brazil The increasing number and diversification of home countries Pattern Implications The growing number and diversification of host countries Pattern Implications Regional integration can stimulate and reorient FDI Pattern Implications The increasing share of services in FDI Pattern Implications The shift towards FDI in capital and technology-intensive manufacturing Pattern Implications The resurgence of TNCs in the primary sector Pattern Implications SMEs as TNCs Pattern Implications Sequential and associated investment Pattern Implications Privatization programmes can fuel FDI inflows Pattern Implications Growing interlinkages between FDI and trade Pattern Implications Conclusions: the emergence of international integrated production systems and the competitive position of Brazil Strategies of transnational corporations Overview: seven themes Strategies of TNCs The imperative of growth Configurations of networks Stand-alone strategy Simple integration strategy Complex integration strategy Managerial choice Products, technologies and markets Choice of territory for FDI Strategies of market entry Accumulating resources through alliances and other co-operative ventures The imperative of control Maintaning consistency of purpose Developing firm-specific configurations Varying spurs to invest abroad Variety in industry "recipe" Changing ties between FDI and trade Reserch and development The strategic role of the state The determinants of foreign direct investment and Brazil's relative attractiveness Recent trends in FDI flows into Brazil Assessing national attractiveness Brazil's attractiveness Optimistic views Pessimistic views Regional integration: the impact of MERCOSUR Export behaviour of foreign affiliates in Brazil Differing perceptions Contrasting United States and Japanese perspectives Reinforcing success Demonstrate local capability Pessimistic views A perception gap for non-investors Infrastructure Economic infrastructure Social infrastructure Supplier arrangements Government policy and lobbying Conclusions Tranformation in the global market place National attractiveness Some possible actions Annexes List of interviewed transnational corporations Reserch questionaire Selected UNTAD publications on transnacional corporations and foreign direct investment