Abstract
Brazil has experienced a unique development of its economy. In the process the state has expanded its sphere of activities, by regulation, by defining certain sectors of industry as of central national interest, and by financing industrial development. A first approach to understanding the privatisation programme in Brazil is to say that the economy appears ready to reverse much of what has been done in the way of expanding the role of the state in economic activity. But this is an oversimplification.
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Notes
David Casimiro Moreira, ‘O Grande Desafio’, Privatização, Mercado de Capitais, E Democracia (Rio de Janeiro: Codimec, 1988) p. 323.
Walter L. Ness, ‘Privatização: A Hora Chegar?’ Mercados Financeiros, IBMEC, Rio de Janeiro, November 1987, p. 18.
Ronaldo Lupa, ‘Caraiba da Prejuizo de US$1 Bilhao ao BNDES’, Jornal do Brasil, 4 July 1988, p. 12.
Ethan B. Kapstein, ‘Brazil: Continued State Dominance’, in R. Vernon (ed.), The Promise of Privatization, Council on Foreign Relations, 1988, p. 143. Here reference is made to the Federal Reserve Board in Washington DC easing the restriction on US bank equity investment in non-financial enterprises.
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© 1990 Francis A. Lees, James M. Botts and Rubens Penha Cysne
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Lees, F.A., Botts, J.M., Cysne, R.P. (1990). The Privatisation Programme. In: Banking and Financial Deepening in Brazil. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10639-4_13
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DOI: https://doi.org/10.1007/978-1-349-10639-4_13
Publisher Name: Palgrave Macmillan, London
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