Provided by Mario Schapiro
“Development Bank, Law and Innovation Financing in a New Brazilian Economy”, written by Mario Schapiro, article submitted to The Law and Development Review.
This paper examines new ways of direct State intervention in Brazil’s financial environment, which has a prevailing development bank (state-owned financial institution) – BNDES (National Economic and Social Development Bank). The main purpose of the article is to describe the new role and legal tools developed by BNDES to finance innovation and start up companies.
