From the developmental to the regulatory state: the transformation of the government's impact on the Brazilian economy

This paper shows how the active participation of the state in various types of economic activities played an important part in the industrialization of Brazil. It then shows how many state enterprises became dysfunctional, which led to a process of privatization and the emergence of the state as powerful regulator. A final section discusses the implications of the emergence of a regulatory state for the future of Brazil's development.