Boosting Investment and Growth: The Role of Social Pacts in the Brazilian Automotive Industry

Mahrukh Doctor

Oxford Development Studies, 2007, vol. 35, issue 1, 105-130

Abstract: The article examines why the automotive industry invested over US$20 billion in Brazil in the second half of the 1990s, focusing on how political economy factors influenced investment decisions. It is argued that, in a context of economic and policy uncertainty, when the state creates appropriate institutional mechanisms to communicate effectively with business and build a consensus for reform, in the process it also reduces investment risks. The argument is illustrated with the example of the Sectoral Chamber of the Automotive Industry (1991-95), and shows the impact of social concertation in neo-corporatist institutions on foreign direct investment.

Date: 2007
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DOI: 10.1080/13600810601167629

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