This article examines the impacts of privatization on patterns of ownership structure and the role of the State in the Brazilian steel industry. Following a review of the theoretical literature our empirical analysis suggests that the results of privatization on the sector have been considerably...

Over the 1990s foreign direct investment (FDI) flowed into Latin America at an unprecedented rate. During this period, capital inflows associated with privatisations and private mergers and acquisitions (M&As) rose especially steeply. Drawing on original firm- level transactions data, this...