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Conclusion: Webs of Power—A Century of Industrialization

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Tropical Capitalism
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Abstract

By the end of the twentieth century Belo Horizonte had grown far beyond the wildest dreams of its creators. The industrial expansion at the end of the twentieth century culminates a century of industrialization that began with the construction of Belo Horizonte in the 1890s. By any measure, the industrialization of the city has been impressive. The second largest industrial center in the eighth largest economy in the world—a metropolis of some 20 municipios approaching four million inhabitants—now sits on a plateau where one hundred years ago a small hamlet of a few thousand scratched out a living on the land. The turn-of-the-century political and technocratic elites succeeded in creating the economic and political capital they envisioned for Minas Gerais.

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Notes

  1. See, for example, Philip D. Oxhorn and Graciela Ducatenzeiler, eds., What Kind of Democracy? What Kind of Market?: Latin America in the Age of Neoliberalism (University Park, Penn.: Pennsylvania State University Press, 1998); and Menno Vellinga, ed., The Changing Role of the State in Latin America (Boulder, Colorado: Westview Press, 1998).

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  4. The best recent analysis of what many mineiro analysts have called the “revolution from above” is Otavio Soares Dulci’s excellent Política e recuperação econômica em Minas Gerais (Belo Horizonte: Editora UFMG, 1999).

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  22. Peter F. Drucker, Post-Capitalist Society (New York: HarperCollins, 1993).

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© 2001 Marshall C. Eakin

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Eakin, M.C. (2001). Conclusion: Webs of Power—A Century of Industrialization. In: Tropical Capitalism. Palgrave Macmillan, New York. https://doi.org/10.1007/978-1-137-08722-5_7

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