CORPORATE TRANSNATIONALIZATION IN BRAZIL: the cases of Natura &Co and Vale S.A.

Abstract

This article offers a comparative analysis of the
transnationalization strategies employed by Natura
&Co and Vale S.A., mapping the tangible flows
of capital, its agents, practices, and the outcomes
of processes such as public offerings, corporate
mergers, overseas asset acquisitions, and the
restructuring of production operations. It engages in
both theoretical and empirical discussions, drawing
on theories on global capitalism, global production
networks and corporate strategies, and utilizing
data collected from case studies in Brazil and
Canada, alongside interviews, document analyses,
reports, corporate filings, and specialist press
publications. By focusing on recent developments,
like the establishment and subsequent crisis
of the Natura &Co holding, and shifts in Vale’s
corporate governance, the article concludes that
the consolidation of Brazil-based transnational
corporations significantly involves transnational
funds, making the identification of ownership
control and revealing how the national economy
has being integrated into globalized capitalism.