Privatization in the Collor government: triumph of liberalism or collapse of the developmental state?

Abstract

This paper surveys and evaluates the Brazilian experience of privatization. A
New consensus emerges in the Collor Government, favouring trade liberalization and privatization.
The import substitution strategy is exhausted, and the dependency and structuralist
ideas are in crisis, but this does not mean that the liberal ideas are now dominant. New
market-oriented strategy has rather a pragmatic character.

JEL Classification: O1; O5.