The internationalization of Brazilian companies in the capital goods industry: the case of Romi and Weg

Abstract

Despite the delay in the industrialization of Latin American countries in terms of technological development and investment in more intensive in industrial technology sectors than in rich countries, the quickly industrial growth in Brazil, throughout the 20th century, created a heterogeneous industrial structure point technological and productive sight, in which companies with traditional production remained on the market and complemented with advanced production companies. The purpose of the paper is shed light on how Brazil, with their strong industrial growth during the process of import substitution, but with low added technological development, nurtured companies that exported capital goods, technology-intensive and also initiated the internationalization process of these firms.