Os novos espaços de acumulção do Grupo Votorantim

This article aims to getting at the recent changes in Brazilian industrial capitalism, especially the expansion of companies and business groups abroad. The analyzed theme is the Votorantim Group, one of the most important groups in the country and Latin America. The Group acts in several branches of the economy and it has recently invested in the acquisition of foreign companies in different business and countries. In this article, the theories of internationalization of companies and business groups and the path of the Votorantim Group are focused - from its origin to productive internationalization. The secondary data were compiled from annual reports of the group, specialized magazines and newspapers.

Reestruturação, internacionalização e novos territórios de acumulação do Grupo Votorantim

Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq)

Projeto Memória Votorantim: construindo a memória corporativa e o uso das narrativas locais

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

Projeto Memória Votorantim (P.M.V.): Um centro de documentação on line

Esta investigación da énfasis a la formación y consolidacón del Proyecto Memoria Votorantim (P.M.V.), presentado al gran publico en 2005, con la publicación de su sitio en la WEB. El ejecentral fundamental es compreender su “arquitetura” y los contenidos específicos de sus distintas secciones, i indentificando los conjuntos informativos los repertoriod documentale que lo intgran, buscando entender los propósitos de su constituicón, La hipótese del trabajo es que la concepción del contenido documental y la desponición de las inforaciones archivistas que cundujeron al yuxtaposición del recuerdo de los trabajadores con el recuerdo corporativo produciendo la história oficial del Grupo Votorantim. Se busca discutir la constituición del P.M.V. como parte de las estratégias del crescimento de los negocios de la Votorantim anunciados en 2004, edificando la tradición del Grupo Votorantim y actuando como refuerzo y amliación de la corporativa de sus empleados.

Capital flows to Latin America: recent developments

The external environment has deteriorated sharply as a result of the spiraling financial turmoil, and has led to a weakening in commodity prices and fears of a worldwide recession. Latin America and the Caribbean's fastest expansion in 40 years may be threatened as the global credit crunch makes financing scarce and squeezes demand for the region's commodities. This time around the region is better positioned to weather the crisis than in the past, given improvements in macroeconomic and financial policies as well as a reduced net dependency on external capital inflows. However, Latin American markets are feeling the effects of the crisis through a slowdown in capital inflows, large declines in stock price indexes, significant currency adjustments and an increase in debt spreads. Volatility has soared, with the closely watched Chicago Board Options Exchange Volatility Index moving to an all-time high of 70.33 on October 17, indicating that fear (rather than greed) has been ruling the markets.After reaching record lows in May 2007, emerging markets bond spreads are now above pre-Asian crisis levels. The JPMorgan EMBI+ Latin American composite widened by 146 basis points in the third quarter, with spreads reaching 448 basis points at the end of September. Spreads have widened sharply in recent weeks as foreign investors cut back regional exposure for the safety of U.S. Treasuries. The ongoing lack of liquidity and subsequent liquidation of assets is leading to a collapse in asset prices and a sharp widening in spreads. Daily spreads in October have risen to levels not seen since December 2002, making it much more difficult for governments that need financing to get it. Risk premiums for Latin corporates and sovereigns have risen substantially, but have remained well below U.S. junk (high-yield) bonds. Latin corporates are facing a steep rise in foreign exchange borrowing costs (although less than firms in other emerging markets), which raises concerns that refinancing risks will climb.So far, emerging markets vulnerabilities have been more focused on corporates, as sovereigns have improved public debt dynamics and countries' financing needs are under control. Market performance has been driven by the rapid deterioration of emerging markets bank and corporate market, as well as ongoing losses in emerging markets equities. From January to September 2008, the Morgan Stanley Capital International (MSCI) Latin American Index lost almost 28%, while the Emerging Markets Index lost 37% and the G-7 Index lost 24%. While in 2007 the Latin America component gained 47%, almost nine times as much as the MSCI-G7 index for developed markets, since mid-September 2008 stocks in Latin America have been doing worse than stocks in developed countries, as concerns about access to credit and the adverse impact of sharp falls in commodity prices and in local currencies contribute to increased risk aversion and to outflows of capital. Many governments in the region have used revenue from the commodity boom to pay down debt and build reserves. Now, facing a global financial crisis and the threat of recession in developed countries, the biggest question for Latin America is how long and deep this cyclical downturn will be, and how much it is going to reduce commodity prices. Prices for commodities such as soy, gold, copper and oil, which helped fund the region's boom, have fallen 28% since their July 2 high, according to the RJ/CRB Commodity Price Index. According to Morgan Stanley (in a September 29 report), should prices return to their 10-year average, Latin America's balanced budgets would quickly revert to a deficit of 4.1% of GDP. As risk aversion increases, investors are rapidly pulling out massive amounts of money, creating problems for local markets and banks. There is an ongoing shortage of dollars (as investors liquidate assets in Latin American markets), and as currencies depreciate, inflation concerns increase despite the global slowdown. In Brazil and Mexico, central banks deployed billions of dollars of reserves to stem steep currency declines, as companies in these countries, believing their local currencies would continue to strengthen against the U.S. dollar, took debts in dollars. Some companies also made bets using currency derivatives that have led to losses in the billions of dollars. Dramatic currency swings have caused heavy losses for many companies, from Mexico's cement giant Cemex SAB to the Brazilian conglomerate Grupo Votorantim. Mexico's third-largest retailer, Controladora Comercial Mexicana, declared bankruptcy recently after reporting huge losses related to exchange rate bets. As concerns about corporate exposure to dollar-denominated derivatives increases, yields on bonds issued by many of Brazil's and Mexico's leading companies have started to rise, sharply raising the cost of issuing new debt. Latin American external debt issuance came to a halt in the third quarter of 2008, totaling only US$ 690 million. The cost of obtaining loans for capital expenditures, M&A and debt refinancing is also rising substantially for Latin American corporates amid contagion from the U.S. financial crisis. According to bankers, a protracted trend of shortening tenors and widening spreads has intensified in the past few weeks, indicating that bank lending is quickly following the way of bonds and equity. Finally, money transfers from Latin American migrants are expected to decline for the first time this decade, as a result of economic downturns in the U.S. and Spain, inflation and a weaker dollar. The Mexican Central Bank announced that money transfers from Mexicans living in the U.S. dropped a record 12.2% in August. In 2008, migrants from the region will send some 1.7% less in remittances year-on-year when adjusted for inflation, according to the IADB, compounding the adverse effects of the deepening financial turmoil.

Análise de dados pedogeoquímicos de multielementos visando o refinamento de mapeamento geológico de detalhe em alvos de Pb-Zn nos municípios de Adrianópolis, Cerro Azul e Tunas do Paraná (Vale do Ribeira, PR)

In order to to research, the region of Perau, base metal mineralization, Grupo Votorantim Metals conducted a soil sampling on targets predetermined holding its chemical analysis. These reviews have been provided by the company for this work was to evaluate the potential use of these data pedogeochemical multi-element for refinement of the work of geological mapping. We selected six targets: Varginha, Salvador, Guararema Taquara Lisa and Coffin of Mendes, in the municipalities of Adrianople, Cerro Azul and Tunas do Paraná, located in Vale do Ribeira (PR). Both have about 10 km2 and situated in the geological context of the Fold Belt Terrane and the Massif de Joinville. The main rock types are present metasedimentary rocks of low to medium grade metamorphic, interspersed the amphibolites ortoderivados, both belonging to the Complex Perau, gneisses and migmatitic Complex. Applied to the geochemical data descriptive statistical techniques (variogram, kriging and histogram). From the correlation between the distributions of elements with the geological data, we could assess the potential of the proposed methodology.

Recurso natural, organização espacial e ordenamento territorial: mineração e degradação de terras na depressão interplanáltica semiárida do Alto Coreaú (CE)

Pós-graduação em Geografia - IGCE

La participación política de los intelectuales durante la transición democrática : el Grupo Esmeralda y el prresidente Alfonsín

Resumen: El presente artículo tiene por objeto analizar las relaciones que se establecieron entre un grupo de intelectuales de izquierda y el presidente radical Raúl Alfonsín durante la transición democrática en la Argentina. Se describirán en primer lugar los desplazamientos teóricos de la izquierda intelectual marcados por el exilio mexicano; en segundo lugar, las características del campo cultural en la transición democrática en los ochenta, centrándose en la producción de los intelectuales vinculados con la revista Punto de Vista y el Club de Cultura Socialista y, por último, los vínculos que se establecieron entre el presidente Alfonsín y los intelectuales de la izquierda renovada, analizando los dilemas ético-políticos que debieron enfrentar. La construcción de sentido en torno a un personaje político, en el que los intelectuales veían la posibilidad de que se convirtiera en un moderno líder socialdemócrata, es la hipótesis a partir de la cual intenta explicarse la vinculación, siguiendo las teorías de Pierre Bourdieu.

Comissão Especial de Medidas Preventivas Diante de Catástrofes Climáticas - Grupo de Trabalho sobre Orçamento e Finanças

Consultoria de Orçamento e Fiscalização Financeira - Núcleo Integração Nacional e Meio Ambiente.

Relatório do grupo de trabalho fiscalização e segurança nuclear

Relatório sobre o setor nuclear no Brasil desenvolvido por meio de ações do grupo de trabalho criado pela Comissão de Meio Ambiente e Desenvolvimento Sustentável.

Copia de la Correspondencia remitida al Administrador Apostólico de la Diócesis de Vitoria por un grupo de sacerdotes vascos presos en la Prisión de Dueñas. Incluye copia de una minuta enviada por el Obispo de Palencia al General Franco, en la que se pide la supresión de la prisión para los sacerdotes.

Fecha: 26/28-5-1939 (>1970 copia) / Unidad de instalación: Carpeta 45 - Expediente 2-5 / Nº de pág.: 7 (mecanografiadas)

Intervención didactica desde la perspectiva de género en la formación inicial de un grupo de docentes de educación física

659 págs.

Estudio del proceso formativo que siguen un grupo de docentes para realizar un diagnóstico de necesidades en deporte escolar

[Es] En este artículo se relata el proceso formativo que han seguido tres profesores de educación física coordinadores de deporte escolar en el curso 2004/2005. En éste curso se realizó un diagnóstico en tres ikastolas de Bizkaia para lo que se crearon diferentes grupos de trabajo en los que se dieron procesos formativos a distintos niveles. Las personas que posibilitaron el desarrollo de la investigación fueron profesores de educación física coordinadores de deporte escolar. Éstos, a través de la investigación-acción, han iniciado su formación como investigadores en el propio proceso de realización del diagnóstico. La formación que han recibido ha partido de considerarles objeto y sujeto de la investigación y de formales en la elaboración y utilización de técnicas adecuadas a la realización de procesos de investigación de naturaleza cualitativa.