The Brazilian venture capital industry and its strategic role in closing the financing gap of SMEs

This discussion paper is a contribution of the Brazilian Government to the 2006 Annual Conference of the OECD High-level Conference on "Better Financing for Entrepreneurship and SMEs" to be held in Brasilia, Brazil on 27-30 March 2006. It has been prepared by The Center for Studies in Private Equity and Venture Capital of EAESP-Fundação Getúlio Vargas under the auspices of ABDI – Agência Brasileira para o Desenvolvimento Industrial – an agency of the Ministry of Industrial Development and Foreign Trade, in cooperation with ABVCAP – The Brazilian Association of Private Equity and Venture Capital

Variações em trajetórias de acumulação de capacidades tecnológicas em nível intra-empresarial: uma análise empírica da VALE S.A.

Esta tese relaciona-se ao tema da acumulação de capacidades tecnológicas em nível de empresa, suas fontes (mecanismos de aprendizagem) e suas implicações para a performance competitiva empresarial, em indústrias relacionadas a recursos naturais no contexto de economias emergentes. Durante os últimos 40 anos muito se avançou no campo da pesquisa sobre acumulação de capacidades tecnológicas em nível de empresas em economias emergentes. Porém, ainda há importantes lacunas a serem exploradas particularmente em relação a natureza e dinâmica de trajetórias de acumulação de capacidades tecnológicas intra-empresariais, no contexto de indústrias relacionadas a recursos naturais, especialmente na mineração. O objetivo da pesquisa aqui reportada é contribuir para minimizar esta lacuna. Particularmente, esta tese explora variações intra-empresariais de trajetórias de acumulação de capacidades tecnológicas, suas fontes (mecanismos subjacentes de aprendizagem) e algumas implicações que são geradas para a performance competitiva da empresa, no âmbito da indústria de mineração no Brasil, especificamente na empresa mineradora Vale, no período entre 1942 e 2015. Para alcançar este objetivo, a pesquisa apoia-se na combinação das literaturas de acumulação de capacidade tecnológica, inovação, aprendizagem e desenvolvimento industrial para a construção da base conceitual. Em paralelo, a pesquisa vale-se de um desenho de pesquisa qualitativo e indutivo baseado em evidências primárias com base em extensivos trabalhos de campo. Esse desenho de pesquisa é operacionalizado a partir de um estudo de caso individual em profundidade na Vale, no âmbito de três grandes áreas tecnológicas: prospecção e pesquisa mineral, lavra, e processamento mineral. Por meio da implementação dessa estratégia, a pesquisa encontrou: (1) Trajetórias de acumulação de capacidades tecnológicas relativamente distintas entre as três áreas de análise. Especificamente: (i) na área de prospecção e pesquisa mineral observou-se uma trajetória de seguidora tecnológica que alcança posição de liderança mundial em inovação e produção; (ii) na área de lavra também evidenciou-se uma trajetória de seguidora tecnológica que alcança posição de liderança mundial em inovação e produção, porém, com acumulação tardia de capacidades tecnológicas; e (iii) na área de processamento mineral houve o alcance precoce de posição de liderança mundial em inovação e produção a partir da criação de uma trajetória distinta da já mapeada pelos líderes globais. As trajetórias de acumulação de capacidades tecnológicas convergem para uma situação similar a partir de 2011 quando as três áreas apresentaram posição de liderança mundial em inovação e ao mesmo tempo demonstraram indícios de entrada em um processo de estagnação, que restringe as oportunidades de entrada em novas trajetórias tecnológicas e de entrada em novos negócios. (2) As variações encontradas nas trajetórias de acumulação de capacidades tecnológicas são explicadas pela maneira pela qual diferentes mecanismos subjacentes de aprendizagem foram combinados e utilizados pela empresa. Foram encontradas quatro combinações de mecanismos de aprendizagem que contribuíram para explicar as diferentes direções das trajetórias de acumulação de capacidades tecnológicas. (3) As variações nas três trajetórias de acumulação de capacidades tecnológicas geraram implicações distintas para a performance competitiva, mais especificamente em termos de performance inovadora, operacional/ambiental e de novos negócios. Os resultados da pesquisa geram contribuições para o entendimento do relacionamento intra-empresarial entre acumulação de capacidades tecnológicas e os mecanismos de aprendizagem subjacentes. E contribuem para o entendimento da mineração como uma indústria que oferece oportunidades para inovações significativas que, inclusive podem implicar na diversificação do tecido industrial nacional. Portanto, tal indústria deve receber atenção especial por parte de decisores de políticas públicas e de ações empresariais para evitar que empresas com alto potencial inovativo desconstruam suas capacidades inovadoras e consequentemente limitem seus impactos para o desenvolvimento tecnológico e econômico no contexto de economias emergentes.

Saudosa Maloca, Maloca querida: um estudo morfológico da relação forma/usos do espaço em moradias autoconstruídas e construídas pelo poder público após um ano de ocupação

This study intends to enhance the existing knowledge concerning the patterns of the uses of space for low cost housing in Parnamirim, Rio Grande do Norte, Brazil, by way of comparative morphological studies in spatial arrangements and articulations regarding three distinct, however inter-related, sets of social housing: (1) a development comprising 21 self-built houses erected on public routes and illegal plots within a tract of land originally designed to be an industrial development: (2) architect-designed houses built by the public authority in order to accommodate the previous 21 (plus a few additions) families occupying the self-built dwellings, and (3) modifications performed by dwellers on a total of those 24 houses built by the public authority after an occupation period of one year. The predominant uses of each room within the self-built and modified houses were represented in ground plan, based on empirical observation, surveys with dwellers and the use of analytical procedures of morphologic analysis of nature predominantly geometric (specific) and topology (space syntax analysis). A scale of priorities was identified in relation to the uses of each room, its geometrical arrangement (adjacency, front/back relations etc), and underlying structures (connectivity, depth and spatial integration) in order to establish congruencies and non-congruencies between a social-cultural order embedded in the self-built domestic space and the design logic contained in the houses offered by official agencies. The comparative analysis points towards the convivial existence of two tendencies: one that seems to reinforce a design logic inasmuch as the additions and modifications performed by the dwellers do not alter but even emphasize the original configuration of the designed houses, and another one in which those patterns are subverted in accordance with a logic which, to a lesser or greater degree, coincides with that of the self-built dwellings

A aplicação do acordo sobre subsídios e medidas compensatórias pelo estado brasileiro

The Multilateral Trading System has evolved and presented new international mandatory rules to States. Along with the World Trade Organization constitutive treaty, Brazil has incorporated the Agreement on Subsidies and Countervailing Measures (ASCM) in the national legal system. That treaty limits de scope of subsidies concession by governments since this practice can constitute a mechanism of commercial disloyalty, affecting national industrial development in the importing country. At the same time, the multilateral agreement grants defense legitimate instruments to States, among them the possibility of domestically and unilaterally imposing countervailing measures to subsidized products that enter the national territory. Since the issue concerns both international and domestic level in complementary grounds, this research, besides investigating the treaty related obligation, aims at studying the national legal fundaments to ASCM s application by the Brazilian State. Therefore, the essential point resides in the State s conduction of its international trading and also in its available and constitutionally established mechanisms of economic intervention. State s regulating power reveals itself as a fundamental prerogative to succeed in the internalization of international agreement s requirements in the domestic legal system, which represents a basic prerequisite to the implementation of countervailing measures. Once the whole normative outlines are apprehended, this study shall scan the administrative process of trading defense main elements, along with the means of controlling public administration acts. The action taken by the public organs that directly intervene in foreign trade shall be analyzed as well, so as to enable reasoning if the unilateral application of countervailing duties by the Brazilian State is happening on legitimacy grounds

Reconfigurações industriais das regiões metropolitanas do Nordeste: uma análise a partir do emprego formal

Industrial development experienced by Brazil from the 1950s, changed the concentration of population in the country. The process of development of domestic industry, concentrated in urban areas, crowded growing portion of the population.The Southeast region during the first stage of industrialization driven by the state, with the implementation of Plan goals, captained the major industrial projects implemented in the period and became the main industrial center of the country.In the decade from 1960 to 1980 the state action was marked by numerous regional development projects, softening the industrial concentration and Brazilian investment redirected to the Northeast.The second National Development Plan implemented in the 1970s led to major investments Northeast.This period marked the widespread urban growth and institutionalization of the first metropolitan areas in Brazil.The change of this developmental process is altered with the fiscal and financial crisis of the state in the 1980s and 1990s and spending cuts aimed at national development, reorienting the economy to liberal policies of economic liberalization and reduction of activity in the economy.Industrial policy was relegated to local development plans from the 1990s to the federating units fitting the wide use of tax incentives, the "war tax" to the continued industrialization process.In this context of the national economy work seeks to analyze the industrial setting in the metropolitan areas of Fortaleza, Recife and Salvador between 1995 and 2010.Although the metropolitan areas of Fortaleza, Recife and Salvador are the main urban centers of the Northeast, responsible for the advancement of industrial development, reconfigurations occurred between 1995 and 2010 by changing the level of industrial specialization built by regional division of labor in these regions.The work will be carried out by the method of descriptive analysis of the literature review on regional and urban development.Constitute quantitative method as the secondary data analysis of formal employment from the Annual Social Information (RAIS) Ministry of Labour and Employment (MTE).Using data RAIS / MTE analyzes the industrial specialization index using the Locational Quotient (LQ).Thus, it is assumed as a parameter analysis QL> 1, when the region has become specialized in a particular sector or QL <1, when the region does not have expertise in industrial sector analyzed.The conclusion of study indicates that there was in these metropolitan areas maintained the same bias hub.Fiscal policies, the states, was not successful in diversifying the productive structure and the Northeast region itself.This result is demonstrated by the need and dependence on state investments in the region to promote development.Industrial policies of recent years have been positive to meet the objectives of employment generation, but there must be specific policies for better diversification of production, in addition to integrating the economy of the Northeast sector and regionally

Estudo do efeito da substituição de caulim por resíduo de caulim na fabricação de cerâmica de revestimento

Companies involved in kaolin mining and treatment represent an important area of industrial development in Brazil, significantly contribution to the worldwide production of such mineral. As a result, large volumes of kaolin residue are constantly generated and abandoned in the environment, negatively contributing to its preservation. In this scenario, the objective of the present study was to characterize the residue generated from kaolin mining as well as to assess its potential use as raw material for the production of ceramic tiles. Ceramic mixtures were prepared from raw materials characterized by X-ray fluorescence, X-ray diffraction, particle size analysis and thermal analysis. Three compositions were prepared using kaolin residue contents of 10%, 20% and 30%. Samples were uniaxially pressed, fired at 1200ºC and characterized aiming at establishing their mineralogical composition, water absorption, apparent porosity, specific mass, linear retraction and modulus of rupture. The results showed that the residue basically consisted of kaolinite and successfully replaced raw kaolin in the preparation of ceramic title formulations without significantly affecting the properties of the fired material

Estudo do potencial de utilização do resíduo da extração de esmeraldas na fabricação de cerâmica de revestimento

Companies involved in emerald mining and treatment represent an important area of industrial development in Brazil, with significative contribution to the worldwide production of such mineral. As a result, large volumes of emerald waste are constantly generated and abandoned in the environment, negatively contributing to its preservation. By the other side the interest of the use of mining waste as additive in ceramic products has been growing from researchers in recent years. The ceramic industry is constantly seeking to the marked amplification for the sector and perfecting the quality of the products and to increase the variety of applications. The technology of obtaining of ceramic tiles that uses mining residues assists market niches little explored. In this scenario, the objective of the present study was to characterize the residue generated from emerald mining as well as to assess its potential use as raw material for the production of ceramic tiles. Ceramic mixtures were prepared from raw materials characterized by X-ray fluorescence, X-ray diffraction, particle size analysis and thermal analysis. Five compositions were prepared using emerald residue contents of 0%, 10%, 20%, 30% and 40%. Samples were uniaxially pressed, fired at 1000, 1100 and 1200ºC and characterized aiming at establishing their mineralogical composition, water absorption, apparent porosity, specific mass, linear retraction and modulus of rupture. The results shows that the emerald residue, basically consisted of 73% of (SiO2 + Al2O3) and 17,77% of (MgO + Na2O+ K2O) (that facilitates sintering), can be added to the ceramic tile materials with no detrimental effect on the properties of the sintered products

Estudo dos óxidos A2B2O7 e ABO3 a base de terras raras, para aplicações térmicas e catalíticas a altas temperaturas

Rare earth elements have recently been involved in a range of advanced technologies like microelectronics, membranes for catalytic conversion and applications in gas sensors. In the family of rare earth elements like cerium can play a key role in such industrial applications. However, the high cost of these materials and the control and efficiencies associated processes required for its use in advanced technologies, are a permanent obstacle to its industrial development. In present study was proposed the creation of phases based on rare earth elements that can be used because of its thermal behavior, ionic conduction and catalytic properties. This way were studied two types of structure (ABO3 and A2B2O7), the basis of rare earths, observing their transport properties of ionic and electronic, as well as their catalytic applications in the treatment of methane. For the process of obtaining the first structure, a new synthesis method based on the use of EDTA citrate mixture was used to develop a precursor, which undergone heat treatment at 950 ° C resulted in the development of submicron phase BaCeO3 powders. The catalytic activity of perovskite begins at 450 ° C to achieve complete conversion at 675 ° C, where at this temperature, the catalytic efficiency of the phase is maximum. The evolution of conductivity with temperature for the perovskite phase revealed a series of electrical changes strongly correlated with structural transitions known in the literature. Finally, we can establish a real correlation between the high catalytic activity observed around the temperature of 650 ° C and increasing the oxygen ionic conductivity. For the second structure, showed clearly that it is possible, through chemical processes optimized to separate the rare earth elements and synthesize a pyrochlore phase TR2Ce2O7 particular formula. This "extracted phase" can be obtained directly at low cost, based on complex systems made of natural minerals and tailings, such as monazite. Moreover, this method is applied to matters of "no cost", which is the case of waste, making a preparation method of phases useful for high technology applications

Optical and mechanical design of an ophthalmic instrument: Slit lamp

This work has as objective to develop an interesting research line in the Optical Instrumentation area, that is to associate the Optical Design to the Ophthalmology area. The purpose of it is handling the optical design techniques to design a widely used ophthalmologic instrument called slit lamp. The optical and mechanical design of the slit lamp prototype was carefully projected in order to improve the best quality image, the comfort of the patient and the user, the simplicity of handling, the facility of production the availability of optical and mechanical components in the national market and the low cost of production. The main goal of this work was to realize a project using totally national technology, cheapening the cost and forming the optimum image required for the slit lamp optical system.

SPERM QUALITY IN ADULT MALE RATS EXPOSED TO CADMIUM IN UTERO and LACTATION

Fundação de Amparo à Pesquisa do Estado de São Paulo (FAPESP)

O novo padrão de desenvolvimento agroindustrial e a atuação das cooperativas agropecuárias no Paraná

This article aims at discussing the transformations in the cooperativist rural sector in the state of Paraná since 1970. Considerable active agents in the process of modernization in the agriculture from Paraná, the cooperatives developed also an important role in the productive restructuralization in the State of Paraná, when they started the agroindustrial activities. The verticalization represented a big growth of the cooperatives that act in the rural area, but it also implied in a redirection of the cooperatives' strategies, that started acting in an extremely competitive market.

Some reflections on the future of the water quality of the corumbataí River basin, São Paulo state, Brazil

The waters of Corumbataí River in the middle and eastern part of São Paulo State, Brazil, are extensively used for human consumption; their water quality has been modified mainly due to increasing pressure caused by population growth, accompanied by a more accentuated industrial development for the whole São Paulo State in the early 1970s. The Corumbataí River basin has, over time, received significant emissions of municipal waste products and discharges of wastewater, sludge, sewage, sanitary and industrial effluents, but the first effluent treatment plant at Rio Claro city was only inaugurated at the end of the 1990s. Data on river water quality from two widely spaced locations in the Corumbataí River basin are reported in this paper; they indicate the need for continuous initiatives and efforts by decision makers in order to improve and preserve the water quality in the basin for the 21st century. Copyright © 2007 IAHS Press.

Latin America and the Caribbean in the World Economy 2011-2012: Continuing crisis in the centre and new opportunities for developing economies

Includes bibliography

La transformación productiva 20 años después: viejos problemas, nuevas oportunidades

Incluye Bibliografía