ABSTRACT
The interaction of four tendencies (globalization, opening of the economy, stabilization and privatization) has been breaking the triad composed of state owned, foreign owned and private family owned enterprises, which was from the fifties to the beginning of the nineties the mainstay of Brazil ‘s capitalism. Brazilian economy is being subjected to deep changes that despite difficulties has made feasible the solidification of a new dynamic of investments which may allow the initiation of sustained growth. This paper was a first trial to evaluate that process and to define the grounds for a policy of competitiveness and investments that diversify from the ancient industrial policies practiced in Brazil would help to minimize the pains of the process and help in making it solid.
KEYWORDS:
Globalization; industrial policy; structural change; trade liberalization