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What developing countries' past energy policies can tell us about energy issues today? Lessons from the expropriation of American Foreign and Power in Brazil (1959–1965)

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  • Saes, Alexandre Macchione
  • Loureiro, Felipe Pereira

Abstract

This paper supports those who believe that history can provide invaluable insights for understanding recent shortcomings in the energy sector. Focussing on the political economy of Brazil's past energy policy, the paper analyzes how foreign companies, federal government, and international interests have shaped outcomes in the sector. For this, the expropriation of Amforp's in the Brazilian electric sector shows that what could be settled by a juridical agreement between the company and the government became an US–Brazilian diplomatic issue. The paper analyses these diplomatic agreements, showing how it changed the role played by the Brazilian state in the electric power sector.

Suggested Citation

  • Saes, Alexandre Macchione & Loureiro, Felipe Pereira, 2014. "What developing countries' past energy policies can tell us about energy issues today? Lessons from the expropriation of American Foreign and Power in Brazil (1959–1965)," Utilities Policy, Elsevier, vol. 29(C), pages 36-43.
    • Handle: RePEc:eee:juipol:v:29:y:2014:i:c:p:36-43
    DOI: 10.1016/j.jup.2013.08.004
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    References listed on IDEAS

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    1. Correa, Paulo & Melo, Marcus & Mueller, Bernardo & Pereira, Carlos, 2008. "Regulatory governance in Brazilian infrastructure industries," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 202-216, May.
    2. Lanciotti, Norma S., 2008. "Foreign Investments in Electric Utilities: A Comparative Analysis of Belgian and American Companies in Argentina, 1890–1960," Business History Review, Cambridge University Press, vol. 82(3), pages 503-528, October.
    3. Colistete, Renato P., 2010. "Revisiting Import-Substituting Industrialisation in Post-War Brazil," MPRA Paper 24665, University Library of Munich, Germany.
    4. Paulo Correa & Carlos Pereira & Bernardo Mueller & Marcus Melo, 2006. "Regulatory Governance in Infrastructure Industries: Assessment and Measurement of Brazilian Regulators," World Bank Publications - Books, The World Bank Group, number 7059.
    5. Cavalcanti, Tiago V. & Magalhães, André M. & Tavares, José A., 2008. "Institutions and economic development in Brazil," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 412-432, May.
    6. repec:cup:cbooks:9780521835244 is not listed on IDEAS
    7. Lanciotti, Norma Silvana, 2008. "Ciclos de vida en empresas de servicios públicos. Las compañías norteamericanas y británicas de electricidad en Argentina, 1887–1950," Revista de Historia Económica / Journal of Iberian and Latin American Economic History, Cambridge University Press, vol. 26(3), pages 403-438, January.
    8. Judith Clifton & Pierre Lanthier & Harm Schröter, 2011. "Regulating and deregulating the public utilities 1830--2010," Business History, Taylor & Francis Journals, vol. 53(5), pages 659-672, August.
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