The infraestructure investments in Brazil during the period 1930-1990

Abstract

The paper analysis infrastructure investments during 1930-1990. The hypothesis is that the infrastructure development in Brazil requires a State inducing long-term economic growth. The rationale is that public investments, mainly of Plano de Metas and II PND, increased the total
infrastructure investments until the 1970s, in contrast to the low level of 1980-1990s. In this sense, the State has a coordinating and induction role on investments with required large volumes and highly specific capitals, especially in infrastructure. That is, Section 1 presents the main theoretical issues. Section 2 presents the features of the infrastructure investments cycles of 1930-1970. Section 3 presents a review of the main causes 1980-1990 crisis and the impacts on infrastructure, followed by paper conclusions.