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4 - Globalized Desenvolvimentismo

Published online by Cambridge University Press:  09 July 2026

Jazmin Sierra
Affiliation:
University of Notre Dame, Indiana
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Summary

Chapter 4 shows how the emergence of novel policy beliefs led to the adoption of globalized state-led development. It documents the policy beliefs of policy-makers from the Brazilian Workers’ Party regarding the benefits of state support for nationally controlled MNCs for the country’s long-term development. It traces the emergence of these novel policy ideas to the epistemic and policy learning of policy-makers and shows how these ideas guided industrial policy and BNDES reform. To further validate the argument, the chapter addresses competing explanations for policy adoption centered on political coalitions, macroeconomic conditions, and business pressures.

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