DOI:10.29111/ijlrst ISRA Impact Factor:3.35
Research Paper Open Access
International Journal of Latest Research in Science and Technology Vol.3 Issue 4, pp 88-92,Year 2014
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Received : 25 August 2014; Accepted : 29 August 2014 ; Published : 31 August 2014
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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.
Copyright © 2014 Marcia Carla Pereira Ribeiro et al. This is an open access article distributed under the Creative Commons Attribution 4.0 International (CC BY 4.0) license which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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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