The process of privatization in Brazil has always been linked to the infrastructure sector. The topic of privatization has been hot in Brazil and for this reason; The National Confederation of Industry researched about the same. According to the confederation, most organizations that fall under infrastructure industry have significantly contributed to the modernization that Brazil currently enjoys. The report from the confederation also states that the process of privatization has helped the nation to meet the investment demands in the country. Felipe Montoro Jens explains the privatization process that the country has taken since the past to its present status. Felipe is a Brazilian who has specialized in the infrastructure industry.
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Felipe has spent more than 20 years working in the infrastructure. He received his master’s degree from Thunderbird School of Global Management. He majored in business management. In addition to this, he had attended the Getulio Vargas Foundation before going for his master’s degree. Since he graduated, Felipe Montoro has been working with administrative boards in his efforts to improve the infrastructure sector. His specializations include economic waste, government solutions, and corporate waste.
The history of Brazil when it comes to Privatization dates back to the 1900s. The country has always experienced good governance since this time. The research presented by the CNI claim that the regime that existed in the 1930s contributed to the process of privatization. The following five decades experienced immense growth in the government. In addition to this, state-owned companies came into existence during this time. However, the process of privatization was slowed after the country experienced a significant debt crisis in the 1980s.
By 1990s, the government had started putting more efforts toward privations. The government had come up with the National Privatization Program. This program allowed companies steel, aeronautics, and petrochemical industries to experience privatization with the telecommunications sector being the first one to be under private control.