Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party Rule
In contrast to China and India, Brazil shows some marked deviations from the model of a state-permeated economy. While it shares a focus on a large domestic market, crucial institutional complementarities and a substantial ability for coordination between state and business, it still suffers from th...
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| Format: | Article |
| Language: | English |
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Association Recherche & Régulation
2018-12-01
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| Series: | Revue de la Régulation |
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| Online Access: | https://journals.openedition.org/regulation/13481 |
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| author | Christian May Andreas Nölke |
| author_facet | Christian May Andreas Nölke |
| author_sort | Christian May |
| collection | DOAJ |
| description | In contrast to China and India, Brazil shows some marked deviations from the model of a state-permeated economy. While it shares a focus on a large domestic market, crucial institutional complementarities and a substantial ability for coordination between state and business, it still suffers from the remaining residual dependency on Western capitalism. From this perspective, Brazil moved into a promising direction during the rule of the Labour Party. However, the Labour Party governments were unable to fully unfold the institutional complementarities in state-permeated capitalism in order to make the Brazilian economy more independent from external pressures. They suffered from a limited ability to use the large domestic market for the support of domestic Brazilian companies, from negative consequences of financialization, and from numerous frictions for domestic economic coordination due to the forceful presence of foreign multinationals in economic sectors that are key for productivity development. |
| format | Article |
| id | doaj-art-fc9be62171e544a4a0cb468e8e7f4da7 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2018-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-fc9be62171e544a4a0cb468e8e7f4da72025-01-30T14:27:01ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962018-12-012410.4000/regulation.13481Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party RuleChristian MayAndreas NölkeIn contrast to China and India, Brazil shows some marked deviations from the model of a state-permeated economy. While it shares a focus on a large domestic market, crucial institutional complementarities and a substantial ability for coordination between state and business, it still suffers from the remaining residual dependency on Western capitalism. From this perspective, Brazil moved into a promising direction during the rule of the Labour Party. However, the Labour Party governments were unable to fully unfold the institutional complementarities in state-permeated capitalism in order to make the Brazilian economy more independent from external pressures. They suffered from a limited ability to use the large domestic market for the support of domestic Brazilian companies, from negative consequences of financialization, and from numerous frictions for domestic economic coordination due to the forceful presence of foreign multinationals in economic sectors that are key for productivity development.https://journals.openedition.org/regulation/13481BrazilFinancializationDependencyComparative CapitalismState Capitalism |
| spellingShingle | Christian May Andreas Nölke Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party Rule Revue de la Régulation Brazil Financialization Dependency Comparative Capitalism State Capitalism |
| title | Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party Rule |
| title_full | Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party Rule |
| title_fullStr | Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party Rule |
| title_full_unstemmed | Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party Rule |
| title_short | Dangers of Residual Dependency in State-permeated Capitalism: The Case of Brazil during Labor Party Rule |
| title_sort | dangers of residual dependency in state permeated capitalism the case of brazil during labor party rule |
| topic | Brazil Financialization Dependency Comparative Capitalism State Capitalism |
| url | https://journals.openedition.org/regulation/13481 |
| work_keys_str_mv | AT christianmay dangersofresidualdependencyinstatepermeatedcapitalismthecaseofbrazilduringlaborpartyrule AT andreasnolke dangersofresidualdependencyinstatepermeatedcapitalismthecaseofbrazilduringlaborpartyrule |