The Risk of the New Developmentalism: 'Brasil Maior' Plan and Bureaucratic Rings

Abstract:     
This working paper examines the rise of the “new developmentalism” in Brazil and the role of the last three industrial policies created by the federal government since 2004, specially the latest, which is called “Brasil Maior.” The main purpose of the paper is to analyse the risk of political alliances between private sector elites and the government in the promotion of national companies and the development of some sectors of the economy. The paper brings back the concept of “bureaucratic rings,” used by the sociologist Fernando Henrique Cardoso in the seventies to analyse Brazilian developmental State, to examine the role played by the Brazilian Development Bank today and the possibility of formation of pressure rings between the public and private sector inside the public bureaucracy.

Number of Pages in PDF File: 25

Keywords: New Developmentalism, Brazil, Brazilian Development Bank

JEL Classification: L52, 010, P16

working papers series