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Brazil And State Capitalism

Author

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  • Lukáš Krupka

    (Fakulta mezinárodních vztahů, Vysoká škola ekonomická v Praze)

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.

Suggested Citation

  • Lukáš Krupka, 2019. "Brazil And State Capitalism," Medzinarodne vztahy (Journal of International Relations), Ekonomická univerzita, Fakulta medzinárodných vzťahov, vol. 17(2), pages 108-125.
    • Handle: RePEc:brv:journl:v:17:y:2019:i:2:p:108-125
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    More about this item

    Keywords

    state capitalism; Brasil; GDP; inflation; state-owned companies;
    All these keywords.

    JEL classification:

    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • P24 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
    • H70 - Public Economics - - State and Local Government; Intergovernmental Relations - - - General

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