BRAZIL AND STATE CAPITALISM

Lukáš Krupka ()
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Lukáš Krupka: Fakulta mezinárodních vztahů, Vysoká škola ekonomická v Praze

Medzinarodne vztahy (Journal of International Relations), 2019, vol. 17, issue 2, 108-125

Abstract: The paper deals with state capitalism in a today‘s understanding – meaning the state influeces the strategic sectors in order to influnce its economic development. The aim is to analyse and describe the form of state capitalism in Brasil and check the causality between its development and the development of GDP and inflation. Brasil is seen as a hybrid type of state capitalism as they have privatized several companies since 1980s and have kept minority investing position. Despite the stabilization of GDP and inflation at the same moment when state capitalism developed the most, the causality is not proven because the main aims of the governments were inflation targetting, macroeconomic stability and not state-owned companies.

Keywords: state capitalism; Brasil; GDP; inflation; state-owned companies (search for similar items in EconPapers)
JEL-codes: H70 P16 P24 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:brv:journl:v:17:y:2019:i:2:p:108-125

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