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Assessing the changing roles of the Brazilian Development Bank

Doctor, Mahrukh

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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
Electronic ISSN 1470-9856
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
Copyright Statement ©2016 University of Hull
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.

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