Multinationals, state-owned corporations, and the transformation of imperialism: a Brazilian case study
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), Vol. 26:1
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
POLICY AND ECONOMY
02 PETROLEUM
BRAZIL
ECONOMIC DEVELOPMENT
PETROCHEMICALS
CAPITAL
DEVELOPING COUNTRIES
ECONOMIC GROWTH
ECONOMIC IMPACT
ECONOMIC POLICY
GOVERNMENT POLICIES
INDUSTRY
INTERNATIONAL COOPERATION
INVESTMENT
PETROLEUM INDUSTRY
SOCIAL IMPACT
SOCIO-ECONOMIC FACTORS
TECHNOLOGY TRANSFER
PETROLEUM PRODUCTS
SOUTH AMERICA
290200* - Energy Planning & Policy- Economics & Sociology
294000 - Energy Planning & Policy- Fossil Fuels
020500 - Petroleum- Products & By-Products
020700 - Petroleum- Economics
Industrial
& Business Aspects