state-owned sectors
[/steɪt ˈoʊnd ˈsɛktərz/]
nounpl: state-owned sectors
setores estatais
1. Industries, businesses, or economic areas that are owned and operated by the government rather than private entities
The state-owned sectors in Brazil include oil production, telecommunications, and water utilities.
Os setores estatais no Brasil incluem produção de petróleo, telecomunicações e utilitários de água.
2. Public enterprises and monopolies controlled by the state for strategic or essential services
Many developing countries rely heavily on state-owned sectors to provide basic services to citizens.
Muitos países em desenvolvimento dependem fortemente dos setores estatais para fornecer serviços básicos aos cidadãos.
In Brazil, state-owned sectors have been historically significant, particularly Petrobras (oil), Vale (mining), and Caixa Econômica Federal (banking). Debates about privatization versus maintaining state control are ongoing political and economic issues. The term reflects Latin American discussions about development models and the role of government in the economy.
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