Brazil outpaced Britain as the world’s sixth largest economy last year, partly owing to a rise in foreign direct investment, particularly in services and especially by America and Spain. The growing importance of Brazil can be reflected by how far the country has advanced in attracting foreign direct investment (FDI). According to the latest World Investment Report, issued by the United Nations Conference on Trade and Development (UNCTAD, August 2011), FDI inflows to Latin America’s largest economy in 2010…