The volatility of S&T policy agenda in Brazil

Abstract In the 1950s, Brazil first made science and technology (S&T) an explicit item on its federal policy agenda. The international crises of 1970s interrupted the expansion of public investment in the area. Following 2000, relative macroeconomic stability brought back industrial policies based on systemic approaches to innovation. However, S&T policies initiatives have been overcome by the ongoing macroeconomic crisis and the governments’ incapability to maintain the macroeconomic stability. This paper discusses Brazil’s S&T policy track record, taking into account institutional path dependence that has held back the orchestration of a long term development model.