Privatização Da Companhia Vale Do Rio Doce: Privatização De Fato Ou Política De Estado?

Abstract

This paper examines the redefinition of State and Market dynamics in Brazil, taking into account privatization processes conducted in the 1990s and highlighting the particularities regarding Companhia Vale do Rio Doce privatization. Departing from the business environment changes carried out by the globalization phenomenon, certain Brazilian capitalism specificities and both Neoliberal and National Developmentalist perspectives, this research aims to understand the extent of Federal Government influence in Companhia Vale do Rio Doce decision-making process during 1997-2011a period shortly after privatizationtraversing Fernando Henrique Cardoso (PSDB) and Luiz Inácio Lula da Silva (PT) governments. The investigation revealed that there are evidences of Federal Government interference in the company. The privatization model adopted by the PSDB Governments allowed a sort of government influence that had increased throughout the PT Governments with BNDES playing a key role in this process.