IDEAS home Printed from https://ideas.repec.org/a/taf/revpoe/v33y2021i1p126-144.html
   My bibliography  Save this article

Institutions and Development From a Historical Perspective: the Case of the Brazilian Development Bank

Author

Listed:
  • Alex Wilhans Antonio Palludeto
  • Roberto Alexandre Zanchetta Borghi

Abstract

This paper analyzes the role played by the Brazilian Development Bank (BNDES) in different periods of Brazil’s development process since its founding in 1952. The bank’s history is nonlinear, varying with socio-economic and political changes over time. Four major periods in its history are: (i) from its creation to the debt crisis in the 1980s, a period known as ‘developmentalism’; (ii) the neoliberal movement of the 1990s; (iii) the reintroduction of the BNDES as a relevant tool for development in the 2000s; and (iv) a new neoliberal movement that arose beginning in mid-2016. Each of these periods is characterized by certain development conventions that shape how institutions, such as the BNDES, operate, and at the same time are shaped by them. In contrast to mainstream economics, which focuses on a one-size-fits-all institution for development, this paper evaluates the interactions between development and institutions as historical processes, with an emphasis on the prevailing development conventions. The trajectory and different roles assumed by the BNDES over time exemplify this permanent relationship, rejecting the idea that particular types of institutions are related to development.

Suggested Citation

  • Alex Wilhans Antonio Palludeto & Roberto Alexandre Zanchetta Borghi, 2021. "Institutions and Development From a Historical Perspective: the Case of the Brazilian Development Bank," Review of Political Economy, Taylor & Francis Journals, vol. 33(1), pages 126-144, January.
    • Handle: RePEc:taf:revpoe:v:33:y:2021:i:1:p:126-144
    DOI: 10.1080/09538259.2020.1720144
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/09538259.2020.1720144
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/09538259.2020.1720144?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:revpoe:v:33:y:2021:i:1:p:126-144. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CRPE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.