LAUSR.org creates dashboard-style pages of related content for over 1.5 million academic articles. Sign Up to like articles & get recommendations!

Transnational Corporations and Capitalists from the Global South: Natura & Co. and the IEDI

Photo by alinrusu92 from unsplash

The Brazil-based company Natura & Co. became a transnational corporation, the world’s fourth-largest cosmetics corporation, by restructuring its Brazilian operations, becoming a publicly traded corporation, and expanding its international presence… Click to show full abstract

The Brazil-based company Natura & Co. became a transnational corporation, the world’s fourth-largest cosmetics corporation, by restructuring its Brazilian operations, becoming a publicly traded corporation, and expanding its international presence with the acquisition of the Australian company Aesop, the British company The Body Shop, and the iconic Avon International. The political action of one of the company’s founders, Pedro Passos, as president of Brazil’s most important business think tank, the Instituto de Estudos para o Desenvolvimento Industrial (IEDI), helped shift the stance of that institute toward transnationalization strategies, structural adjustment and economic opening policies that benefited transnational corporations, revealing tensions within the Brazilian capitalist class. A Natura & Co. tornou-se uma corporação transnacional sediada no Brasil, a quarta maior empresa de cosméticos do mundo, após reestruturar suas operações brasileiras, abrir seu capital e expandir sua presença internacional com a aquisição da companhia australiana Aesop, da britânica The Body Shop e da icônica Avon International. A ação política de Pedro Passos, um dos fundadores da empresa, como presidente do mais importante think tank empresarial brasileiro, o Instituto de Estudos para o Desenvolvimento Industrial (IEDI), contribuiu para alterar a orientação desse instituto em favor da promoção de estratégias de transnacionalização, de políticas de ajuste estrutural do Estado e de abertura econômica que beneficiaram corporações transnacionais, revelando tensões no interior da classe capitalista brasileira.

Keywords: capitalists global; global south; transnational corporations; company; corporations capitalists; south natura

Journal Title: Latin American Perspectives
Year Published: 2022

Link to full text (if available)


Share on Social Media:                               Sign Up to like & get
recommendations!

Related content

More Information              News              Social Media              Video              Recommended



                Click one of the above tabs to view related content.