ABSTRACT
This chapter presents the case of Brazil's development strategy, as applied to the mining and oil sectors. In contrast to the rest of the region, whose resource exports have been linked to primary commodity production and the accumulation of domestic revenue, Brazil's mining and oil sectors were and still are central to the country's industrialization strategy, creating linkages to other industries. To explain this, the chapter understands the relationship between neoliberal reforms and state control over strategic sectors. It is generally assumed that the wave of market-opening policies signalled the failure of state management even in vital industries. Brazil's globalization strategy the combination of selective market liberalization and statist policies is shaped by the logic of path-dependency and sectoral considerations. The governance model based on continuity and change between market and statist policies signifies the continuing influence of path-dependency specifically Vargas statist developmentalist paradigm in the process of adjusting to the international economy.
