Vol. 7 No. 4 (1987)
Oct-Dec / 1987
Published October 1, 1987
How to Cite
Bresser-Pereira, Luiz Carlos. 1987. “The Changing of the Pattern of Financing Investment in Brazil”. Brazilian Journal of Political Economy 7 (4):463-80. https://doi.org/10.1590/0101-31571987-4005.
The changing of the pattern of financing investment in Brazil
Abstract
The pattern of financing investment is changing in Brazil. During the 70’s it was
based on the classical pattern that prevails in the early stages of development, that is, on
state and external financing. But, in the second part of the 70’s this pattern breaks down as
the public sector loses its savings capacity. ln the second part of the 80’s, the public sector is
supposed to recover partially its saving capacity, while the private sector assumes an increasing
role in investment.
JEL Classification: F34; H63; H10.
Keywords: International lending investment capital flows role of the State