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eISSN:2278-5299

International Journal of Latest Research in Science and Technology

DOI:10.29111/ijlrst   ISRA Impact Factor:3.35,  Peer-reviewed, Open-access Journal

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DEVELOPMENT AND INSTITUTIONAL REFORM: BUSINESSES AND STATE INTERVENTION

Research Paper Open Access

International Journal of Latest Research in Science and Technology Vol.3 Issue 4, pp 88-92,Year 2014

DEVELOPMENT AND INSTITUTIONAL REFORM: BUSINESSES AND STATE INTERVENTION

Marcia Carla Pereira Ribeiro,Weimar Freire da Rocha Jr, Giovani Ribeiro Rodrigues Alves

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Received : 25 August 2014; Accepted : 29 August 2014 ; Published : 31 August 2014

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Article No. 10360
Abstract

This article examines the Rule of Law principle as a theoretical framework based on free private relationships in the central role of setting rules of play within private relationships, with State interference relegated to a secondary role. The Brazilian institutional model is analysed in case studies of state controlled businesses in a competitive economy and of the BNDES (Brazilian Development Bank) as a long-term investment financing provider, and its impact on Brazilian development. The conclusion is that informal institutions can counteract the effectiveness of applying unique models in developing economies.

Key Words   
Formal institutional reforms - Models - The Rule of Law - The Law - Development.
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References
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To cite this article

Marcia Carla Pereira Ribeiro,Weimar Freire da Rocha Jr, Giovani Ribeiro Rodrigues Alves , " Development And Institutional Reform: Businesses And State Intervention ", International Journal of Latest Research in Science and Technology . Vol. 3, Issue 4, pp 88-92 , 2014

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