Bankers, industrialists, and their cliques
Subtitle: elite networks in Mexico and Brazil during early industrialization
By: Aldo Musacchio, Ian Read
Series: Working paper / Division of Research, Harvard Business School -- 06-048; Working paper (Harvard Business School. Division of Research) -- 06-048
Publisher: Division of Research, Harvard Business School
Published: 2006
Place of publication: Boston
Language: eng
Number of pages: 38
Description: The historiographies of Mexico and Brazil have implicitly stated that business networks were crucial for the initial industrialization of these two countries. Recently, differing visions on the importance of business networks have arisen. In the case of Mexico, the literature argues that entrepreneurs relied heavily on an informal institutional structure to obtain necessary resources and information. In contrast, the recent historiography of Brazil suggests that after 1890 the network of corporate relations became less important for entrepreneurs trying to obtain capital and concessions, once the institutions promoted financial markets and easy entry for new businesses.
Notes: Includes bibliographical references.