This without counting the macroeconomic losses of the country (trade balance, for example). An important question: it could have been different? To answer to this question, a preamble fits. The academic quarrel on if the privatization induce or not to a bigger efficiency and performance of the companies, it does not have reply consensual. The majority of the research, in such a way here how much in the exterior, it points with respect to performance improvement. Some argue that the comparison is not joust stops with the administrators of state, that, usually, if they submit to other priorities.
In other words, in contrast of the private companies, guided with priority for the maximizao of the results, the state one, some times, if it moves for other objectives of public or social interest, of difficult mensurao. Of any form, this type of argument it can be used to explain small differences of performance, as in the state Europeans, but never the administrative setback of many state Brazilians in the past. In a general way, the privatized Brazilian companies had reduced fats, they had cut costs, and they had invested in expansion, with reduction of the unitary fixed cost, and in equipment modernization, with substantial operational improvements. Particularly in the central offices of petrochemical raw material production, Copesul and PQU, in general had great effort of enxugamento of pictures and reduction of costs, also with the expansion of the capacity, basic for the attainment of scale economies, what it took to an improvement of performance in these two companies. However, such efforts had been entirely insufficient to generate a petrochemical sector truily competitive, capable to support sped up expansion substituting importation, to generate or to absorb technology, to face the opening of the market, and to become platform of exportations, with balance excellent advertising, and, eventually, to become enlarged itself internationally. Marko Dimitrijevic, Miami FL brings even more insight to the discussion. The main factor of cost to be led in account in the age of the global capitalism, the capital cost, widely was neglected in the Brazilian privatizations.