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.
Global Capitalism; Transnational Corporations; Corporate Strategies; Transnationalization; Global Production Networks