Nineteenth-century Brazil’s constitutional monarchy credibly committed to repay sovereign debt, borrowing repeatedly in international and domestic capital markets without default. Yet it failed to lay the institutional foundations that private financial markets needed to thrive. This study...

Frontmatter -- Contents -- List of Tables -- Acknowledgments -- List of Abbreviations and Acronyms -- 1. States and Industrial Transformation -- 2. A Comparative Institutional Approach -- 3. States -- 4. Roles and Sectors -- 5. Promotion and Policing -- 6. State Firms and High-Tech Husbandry --...

Preface / by Ira Millstein -- Preface / by Sérgio Rial -- Preface / Karina Litvack -- The decision-making machine -- Alone, but always accompanied -- Relations under tension -- The chair of the board, too often misunderstood -- What keeps board members awake at night? -- The myth of corporate...

Introduction -- The context: the challenge of boosting competitiveness -- The story: institutions, actors and port reform legislation -- The theory: institutional change and business lobbying -- Full steam ahead - spurs to port reform legislation -- A perilous journey - institutions and actors...