Study goals
The purpose of this article is to shed light on the attractiveness of foreign direct investments in Brazil through new multilocal funding channels. To achieve this goal, it is intended to bring a theoretical discussion about FDI, startups and technology-based entrepreneurship as new channels of multilocal attractiveness.
Relevance / originality
The originality of the article is due to the crossing of indicators that provides a framework of valuable information by overlapping data.
Methodology / approach
The study is exploratory, qualitative and using secondary data, with the interposition of data from the reports: Global Entrepreneurship Monitor (GEM); Global Competitiveness Index (GCI); Global Innovation Index (GII); complemented by data obtained from the OECD report and the annual report The 2019 Foreign Direct Investment Confidence Index - 2019 Foreign Direct Investment Confidence Index.
Main results
The results show that the attractiveness factors are hindered by the indicators of corruption as well as political instability and legal insecurity. Nevertheless, some sectors have been experiencing growth, albeit with discrete foreign capital investment, around 3% of the total volume, which has been adressed to the already consolidated sectors, such as energy (57%) and industrial (36%), as a way to reduce uncertainties.
Theoretical / methodological contributions
The research findings point to the wave of multilocalism, with the preferential destination of investments for large urban centers due to the interconnectivity infrastructure, the possibility of using local talents, the integration and engagement between local companies engaged in infrastructure investments, local supply and sustainable practices.
Social / management contributions
The purpose of the article is to contribute to the return of Brazil to the ranking of 25 countries attractive to foreign direct investment. The results presented contribute to the advancement of science and for managers as an action point for an action strategy for the attractiveness of investments, social progress comes in the wake of the improvement in the quality of life in Brazil.