![]() ![]() To this end, the article explores the financing policies for the Brazilian innovation system, whose aim is to promote the inclusion of higher value-added activities in the GVCs through the connection of national innovative micro-enterprises to direct financial investments, a strategy considered fundamental to boost the country’s industrialisation. The purpose is to show how financial deregulation contributes to “putting-out” research and development (R&D) labs of major brands, and serves as a way of exploring casual and flexible hiring schemes for skilled workers. This article investigates the role of Brazilian legislation in the (re)production of subordinate forms of incorporation of peripheral countries in global value chains (GVCs) through new dynamics for the extraction of value intermediated by international systems of investment.
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