Summary - TST 3-4
TRANSPORTES, SERVICIOS Y TELECOMUNICACIONES
Tamás Szmrecsányi
Infraestructural services and foreign capital in the Brazilian economy (1850-1930)
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[ Abstract ]
This article deals with the initial expansion of Brazil's services infrastructure and the roles played in it by foreign loans and investments, considered as integrating factors of that country’s national market economy. Although their origins and emergence have breceded the beginnings of Brazilian industrialization, it was only with the latter process that both the inírastructure and foreign capital could fully display their overall economic importance, as well as the results and consequences of their actuality. This was so because the services infrastructure did provide an important reinforcement to the regional and sectorial division of labour which began to appear at the end of the nineteenth century around the country’s manufacturing industries. Foreign capitalt’s presence and influence has always been very substantial in Brazil, undoubtedly helping to develop and modernize the country’s national economy; at the same time, however, mainly due to a lack of governmental orientation and supervision, it has also contributed in several instances to hinder its further growth and diversification.
This article deals with the initial expansion of Brazil's services infrastructure and the roles played in it by foreign loans and investments, considered as integrating factors of that country’s national market economy. Although their origins and emergence have breceded the beginnings of Brazilian industrialization, it was only with the latter process that both the inírastructure and foreign capital could fully display their overall economic importance, as well as the results and consequences of their actuality. This was so because the services infrastructure did provide an important reinforcement to the regional and sectorial division of labour which began to appear at the end of the nineteenth century around the country’s manufacturing industries. Foreign capitalt’s presence and influence has always been very substantial in Brazil, undoubtedly helping to develop and modernize the country’s national economy; at the same time, however, mainly due to a lack of governmental orientation and supervision, it has also contributed in several instances to hinder its further growth and diversification.