Is brazilian capitalism at an institutional equilibrium?: a varieties of capitalism approach1

Mahrukh Doctor


Given that Brazilian capitalism does not fit any single ideal type variety of capitalism, the article discusses whether Brazilian capitalism is still evolving towards an ideal type or whether it is already at a hybrid institutional equilibrium. The analysis focuses on the production regime with special reference to capital- labour-state relations and examines how firm strategies and public policy impact the nature of capitalism in Brazil. The analysis shows how firms might actually be pulling Brazilian capitalism in a different direction than the state.


Brazil; Varieties of Capitalism; State-firm interaction

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