The evolution of the Brazilian petrochemical industry and the tripartite company model

Marcus Alban Suarez ()

Brazilian Journal of Political Economy, 1983, vol. 3, issue 3, 350-363

Abstract: The evolution of the Brazilian petrochemical industry is analysed based on theeconomic development model set up in the second half of the fifties and on the political systemstablished in 1964. The State undefinition in the first period of this industry (48 – 64)holds down the sector growth in adequate proportion to the economic model requiring agreat leap in the second period (64 – 80), possible by the “tripartite” enterprise (associationamong the State, local capital and multinationals). When the conditions that support this enterpriserole are finished, it starts to fall down, and the local private entrepreneurs get moredependent on their own capabilities to compete with the multinationals in a process thatseems to draw the characteristics of the third phase of the industry. JEL Classification: L71; L32.

Keywords: Petrochemical industry; multinationals; foreign investment; Petrobras; industrialization (search for similar items in EconPapers)
Date: 1983
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