Examining the patterns of business development in backward economies, this book demonstrates, the rate and character of business development in Brazil were to a large extent determined by its degree of backwardness, intellectual climate and natural potentialities, and accordingly the course of development of the Brazilian economy differed considerably from processes observed in more advanced countries. In addition, comparison between Minas Gerais, Sao Paulo and Rio de Janeiro shows important differences among the three most important economies in Brazil.
"Birchal presents an interesting account of the incipient phase of industrialization of Minas Gerais, today indubitably the second most important state of Brazil." - Choice
"This case study... makes an important contribution to the literature on the development of 'latecomer' economies." - EH.Net
"This case study... makes an important contribution to the literature on the development of 'latecomer' economies." - EH.Net