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Between 1990 to 2002, under the governments of Fernando Collor de Mello and Fernando Henrique Cardoso – not forgetting the interregnum Itamar Franco’s governments – Brazil has deepened the process of liberal reforms. Despite adhere late the reforms, compared to other countries of South America, in that moment Brazil passed for a broad process of social, economic and administrative transformations. This restructuring was based in a new Brazil’s adequacy to the transformations in the international relations post-Cold War. Therefore, the objective of this paper is to analyze the relation between the process of liberal reforms undertaken in Brazil – specially the trade liberalization and privatizations, beyond the decentralization’s process in governmental sectors – with the strategy to be a responsible State and integrant on the new global context.

Reformas Liberais e Descentralização no Brasil (1990-2002): a atuação do Banco Nacional de Desenvolvimento Econômico e Social (BNDES)