THE RELATIONSHIP BETWEEN CORRUPTION AND FOREIGN INVESTMENTS IN BRAZIL: SOME RESPONSES AGAINST CORRUPTION

Abstract

Mobilizing investment and ensuring that it contributes to sustainable development should be one of the priority targets for all countries. The financial-economic market growth is one of the key features of contemporary society, where social, political, and economic activities easily acquire worldwide dimension.  Investment Law focuses various aspects of such drives, among other rule of law in different jurisdictions which faces recent developments, as well as multilateral agreements and the soft law that serves as a background for legal transplants and innovation. The analysis made by investors includes risk evaluation. Among other jurisdictions, Latin America and specially Brazil may be included among the hot spots for investments. Between other topics, corruption rating and scandals are scrutinized by investors, showing a widespread example of the dynamic and speed of worldwide negative impact of such events. As a result, fighting corruption has become a policy priority for countries over the past two decades and extensive reform efforts have been launched. Corruption undermines policies and programs that aim to reduce poverty; therefore attacking corruption is critical to achieving poverty reduction, and attracting investments.  This article aims to discuss the characteristics of a foreign and international investment and underlines some aspects of corruption; worldwide responses against corruption are also reported, taking into account the fact that the world is globalized and interdependent;  An overview of anti-corruption efforts in Brazil is provided.