Assessing the changing roles of the Brazilian Development Bank

Doctor, Mahrukh

Abstract

Since it was founded in 1952, the Banco Nacional de Desenvolvimento Econômico e Social (BNDES; Brazilian National Bank for Economic and Social Development) has been at the centre of Brazil's industrialisation and development strategy. It played a key role in the evolution of policies from import substitution to market-opening and privatisation, to the ‘new developmentalism’. The article evaluates and discusses whether BNDES fulfils the three typical functions expected of national development banks: financial sector development; business climate enhancement; and knowledge services.

Citation

Doctor, M. (2015). Assessing the changing roles of the Brazilian Development Bank. Bulletin of Latin American Research, 34(2), 197-213. https://doi.org/10.1111/blar.12210

• Journal Article Type: Article
• Online Publication Date: May 26, 2014
• Publication Date: 2015-04
• Deposit Date: Apr 27, 2016
• Publicly Available Date: Apr 27, 2016
• Journal: Bulletin of Latin American research
• Print ISSN: 0261-3050
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 34
• Issue: 2
• Pages: 197-213
• DOI: https://doi.org/10.1111/blar.12210
• Keywords: BNDES, Brazil, Development bank, Development finance, Developmental state
• Public URL: https://hull-repository.worktribe.com/output/437204
• Publisher URL: http://onlinelibrary.wiley.com/doi/10.1111/blar.12210/abstract
• Additional Information: This is the peer reviewed version of the following article: DOCTOR, M. (2015), Assessing the Changing Roles of the Brazilian Development Bank. Bulletin of Latin American Research, 34: 197–213, which has been published in final form at doi: 10.1111/blar.12210. This article may be used for non-commercial purposes in accordance With Wiley Terms and Conditions for self-archiving.
• Contract Date: Apr 27, 2016