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Multinationals, state-owned corporations, and the transformation of imperialism: a Brazilian case study

Journal Article · · Econ. Dev. Cult. Change; (United States)
DOI:https://doi.org/10.1086/450994· OSTI ID:5288027
The Brazilian petrochemical industry is used as a case study in cooperation of state-owned and multinational corporations in bringing capitalism into the Third World. The petrochemical industry was chosen because it entails enormous transfers of capital investment and technology and the development of internal industrialization. Active participation by the host state, while it modifies the capitalization process, also is seen to provide a mutually beneficial partnership. A chronological account is given of the process by which Brazil evolved a system for encouraging multinationals to bring basic industries while participating directly in production. Multinationals have found that state-owned corporations do not destroy capitalism, while the state-owned corporations have adapted to a profit orientation. A new ruling class has emerged in the process to provide technical and managerial skills. A disappointing social record developed at the same time and indicates the capitalization process was not able to provide the expected social benefits. (DCK)
Research Organization:
Brown Univ., Providence
OSTI ID:
5288027
Journal Information:
Econ. Dev. Cult. Change; (United States), Journal Name: Econ. Dev. Cult. Change; (United States) Vol. 26:1; ISSN EDCCA
Country of Publication:
United States
Language:
English

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Related Subjects

02 PETROLEUM
020500 -- Petroleum-- Products & By-Products
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200* -- Energy Planning & Policy-- Economics & Sociology
294000 -- Energy Planning & Policy-- Fossil Fuels
BRAZIL
CAPITAL
DEVELOPING COUNTRIES
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC IMPACT
ECONOMIC POLICY
GOVERNMENT POLICIES
INDUSTRY
INTERNATIONAL COOPERATION
INVESTMENT
PETROCHEMICALS
PETROLEUM INDUSTRY
PETROLEUM PRODUCTS
SOCIAL IMPACT
SOCIO-ECONOMIC FACTORS
SOUTH AMERICA
TECHNOLOGY TRANSFER