Book contents
- Globalized State-led Development
- Cambridge Studies in Comparative Politics
- Globalized State-led Development
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Acknowledgments
- 1 Introduction
- 2 A Theory of Globalized State-led Development
- 3 The Developmentalist Legacy
- 4 Globalized Desenvolvimentismo
- 5 Fragile Autonomy
- 6 Global Champions Are Made at Home
- 7 The Ties That Bind
- 8 From Made in China to Owned by China
- 9 Conclusion
- References
- Index
- Cambridge Studies in Comparative Politics
3 - The Developmentalist Legacy
Published online by Cambridge University Press: aN Invalid Date NaN
Book contents
- Globalized State-led Development
- Cambridge Studies in Comparative Politics
- Globalized State-led Development
- Copyright page
- Dedication
- Contents
- Figures
- Tables
- Acknowledgments
- 1 Introduction
- 2 A Theory of Globalized State-led Development
- 3 The Developmentalist Legacy
- 4 Globalized Desenvolvimentismo
- 5 Fragile Autonomy
- 6 Global Champions Are Made at Home
- 7 The Ties That Bind
- 8 From Made in China to Owned by China
- 9 Conclusion
- References
- Index
- Cambridge Studies in Comparative Politics
Summary
Chapter 3 documents the existence of a developmentalist legacy in Brazil as an outcome of the country’s state-directed industrialization (1951–1984) and market reforms (1985–2002.) It traces how in the 1940s a developmentalist frame put forward by the Economic Commission for Latin America and the Caribbean (ECLAC) was embraced by a wide set of policy-makers and business elites, and became institutionally embedded in the BNDES. It then shows how, in the following six decades, developmentalists adapted their ideas and institutions to changing circumstances – economic liberalization, regime change, economic crises, and party alternations – without renouncing their pursuit of structural transformation. Crucially, through this long-run process, they endowed the BNDES with autonomy from political pressures and influence over business strategies to achieve policy goals. This generated the necessary conditions for the adoption of globalized state-led development.
Keywords
Information
- Type
- Chapter
- Information
- Globalized State-led DevelopmentHow States Support Firms at Home and Abroad, pp. 46 - 76Publisher: Cambridge University PressPrint publication year: 2026
Accessibility standard: WCAG 2.0 A
Why this information is here
This section outlines the accessibility features of this content - including support for screen readers, full keyboard navigation and high-contrast display options. This may not be relevant for you.Accessibility Information
The HTML of this chapter
conforms to version 2.0 of the
Web Content Accessibility Guidelines
(WCAG), ensuring core accessibility principles are addressed and meets the basic
(A)
level of WCAG compliance, addressing essential accessibility barriers.
Content Navigation
Table of contents navigation
Allows you to navigate directly to chapters, sections, or non‐text items through a linked table of contents, reducing the need for extensive scrolling.
Allows you to navigate directly to chapters, sections, or non‐text items through a linked table of contents, reducing the need for extensive scrolling.
Index navigation
Provides an interactive index, letting you go straight to where a term or subject appears in the text without manual searching.
Provides an interactive index, letting you go straight to where a term or subject appears in the text without manual searching.
Reading Order & Textual Equivalents
Single logical reading order
You will encounter all content (including footnotes, captions, etc.) in a clear, sequential flow, making it easier to follow with assistive tools like screen readers.
You will encounter all content (including footnotes, captions, etc.) in a clear, sequential flow, making it easier to follow with assistive tools like screen readers.
Short alternative textual descriptions
You get concise descriptions (for images, charts, or media clips), ensuring you do not miss crucial information when visual or audio elements are not accessible.
You get concise descriptions (for images, charts, or media clips), ensuring you do not miss crucial information when visual or audio elements are not accessible.
Full alternative textual descriptions
You get more than just short alt text: you have comprehensive text equivalents, transcripts, captions, or audio descriptions for substantial non‐text content, which is especially helpful for complex visuals or multimedia.
You get more than just short alt text: you have comprehensive text equivalents, transcripts, captions, or audio descriptions for substantial non‐text content, which is especially helpful for complex visuals or multimedia.
Structural and Technical Features
ARIA roles provided
You gain clarity from ARIA (Accessible Rich Internet Applications) roles and attributes, as they help assistive technologies interpret how each part of the content functions.
You gain clarity from ARIA (Accessible Rich Internet Applications) roles and attributes, as they help assistive technologies interpret how each part of the content functions.