Banco de desenvolvimento ou de investimento? A trajetória da BNDESPAR no capitalismo brasileiro

Abstract

BNDES PARTICIPAÇÕES (BNDESPAR) started in 1974 as an integral branch from BNDES (Brazilian National Bank for Development). In this dissertation, the journey of this branch will be analyzed throughout Brazilian capitalism History. The main goal is to verify how BNDESPAR performance changed over time. Thereunto, the relationships of power over the strategy on how the branch should perform will be commentated. For this study, the methodological tools from Economic Sociology will be used, mainly the ones related to institutional analysis of organizations. Based on Neil Fligstein, Economics will be seen as a space for dispute, in which transformation, crisis and stability play roles. Therefore, the performances of the social groups that helped building the operation strategies from BNDESPAR will be mapped, since the beginning to nowadays. We will analyze the symbolic actions took by these social actors, and how they resignified BNDESPAR’s tactics. The data was obtained through research over the annual reports provided by BNDES, as well as news articles.