RIO DE JANEIRO, BRAZIL - Ford's decision to close plants in Brazil was only the tip of the iceberg, and the national economy is experiencing one of the sharpest declines in direct investment among emerging countries.
On the eve of the start of the World Economic Forum on Sunday, January 24th, the United Nations Conference on Trade and Development (UNCTAD) released data showing that foreign direct investments in Brazil in 2020 recorded a 51% drop compared to the 2019 figures. The reduction is higher than the average global decline but not as bad as in developed countries.
"In Brazil, foreign . . .