Boosting Investment and Growth: The Role of Social Pacts in the Brazilian Automotive Industry
The article examines why the automotive industry invested over US$20 billion in Brazil in the second half of the 1990s, focusing on how political economy factors influenced investment decisions. It is argued that, in a context of economic and policy uncertainty, when the state creates appropriate institutional mechanisms to communicate effectively with business and build a consensus for reform, in the process it also reduces investment risks. The argument is illustrated with the example of the Sectoral Chamber of the Automotive Industry (1991-95), and shows the impact of social concertation in neo-corporatist institutions on foreign direct investment.
Year of publication: |
2007
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Authors: | Doctor, Mahrukh |
Published in: |
Oxford Development Studies. - Taylor & Francis Journals, ISSN 1360-0818. - Vol. 35.2007, 1, p. 105-130
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Publisher: |
Taylor & Francis Journals |
Saved in:
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