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but also for offering legal and economic   context  where there is a displacement of

                                       Figure 1 – Brazilian GDP growth                                                           security for the development of activities in   the world economy to the Pacific basin, in
                                                                                                                                 commercial, or capitalist, risk patterns. The   addition to having a role focused on com-
                                                                                                                                 difficulty is that Brazil, despite all its poten-  modities, reinforcing its vocation.
                   15,0                                                                                                          tial and other Latin countries, has never   The problem of financing, therefore,
                   12,5                                                                                                          shown itself to be the center of global geo-  is  delicate and strategic for  the Brazilian
                                                                                                                                 political interests, especially in the current   economy as a whole.
                   10,0
                    7,5                                                                                                          3. Financing of sustainable projects and actions
                  (%)  5,0                                                                                                          The writer Jules Verne, still in the 19th   in everyday life and in civilian life with

                    2,5                                                                                                          century,  imagined  interplanetary  voyages   possibilities for substantial improvement
                                                                                                                                 and also voyages to the bottom of the sea.   in product performance and industry in-
                    0,0
                                                                                                                                 What was not the natural environment of   tegration. Adventures, therefore, always
                   -2,5                                                                                                          humanity has always challenged the imagi-  generate significant knowledge and new
                   -5,0                                                                                                          nation, as well as encouraged the most dar-  solutions:  the  natural  environment  pro-
                         1932  1937  1942  1947  1952  1957  1962  1967  1972  1977  1982  1987  1992  1997  2002                ing to think of solutions to make viable what   vides us with challenges to be overcome
                                                                                                                                 was only fiction. The human race, within its
                                                                                                                                                                          through ingenious solutions.
                                            GDP            10 por.  Mov. Aver. (GDP)                                             level of intelligence and persistence, has al-  On the other hand, the actors involved
                                                                                                                                 ways found solutions to its challenges.  in the mission were nations that from an
                                                                                                                                    Still in 2021, three space missions arrive   economic and technological point of view,
                                       Source: Published in Carvalho and Lima (2009) based on data from Ipeadata
                                                                                                                                 at Mars, taking advantage, among other   at best, were on the same level as Brazil 40
                 The  first  alternative  is  private  capital.   capturing revenue, admittedly regressive,                      things, of the recent proximity of the red   years ago. The geopolitical reality chang-
              This segment has never been relevant in   and in the profile of expenses, and that the                             planet to Earth. The congestion of spacecraft   es in four decades and we are caught in
              Brazil, partly due to the lack of financial ed-  expenses with the rescue of the past, social                      on Mars draws attention to the countries   inferiority in the face of nations that have
              ucation, especially related to insurance and   security, social assistance, and work, occu-                        involved: the  United States, China and the   directed resources to the objectives that
              pension plans, long-term loanable funds,   py a disproportionate share, even if they                               United Arab Emirates, a list that 2 decades   force  them  to  revolutionize  technologies.
              but also due to the low per capita income,   are necessary, in relation to productive ex-                          ago would have been difficult to imagine and   For Brazil, reaching them at this moment is
              a consequence of the low productivity and   penditures, focused on the future, such as                             4 decades ago would have been simply un-  very difficult due to the lag and lack of re-
              qualification of the workforce. It is urgent   education and health.                                               thinkable. This fact invites us to think about   sources vis-à-vis the public and private sec-
              that this agenda appears in the planning of   The third and last alternative, in line                              the objective and the actors involved.   tors that invest little in technology. Under
              the Brazilian economy, through the qualifi-  with Brazilian history, is external financing:                           The conquest of space, considered use-  these conditions, it is recommended that
              cation of the labor market, but for the next   the attraction of capital, whether specu-                           less by many, is actually a gigantic chal-  Brazil pursue a different objective, avoiding
              decades any representative shock in this di-  lative or productive, requires some corre-                           lenge that requires technological solutions   open competition and focusing its resourc-
              mension is unlikely.                      spondence with products and instruments                                  in several dimensions to be made viable:   es on areas where there is still room for the
                 The second alternative is public sector   that qualify, remunerate and generate                                 software, materials, communications, im-  development of significant gains.
              financing. Since the problem of external   an expectation of return consistent with                                age production, electronics, etc., a count-  In addition to the conquest of space, the
              indebtedness, the Brazilian public sector   the international capitalist structure. This                           less number of technological and integrat-  other unnatural environment that challeng-
              finds it difficult to balance itself in the cur-  means that the Brazilian economy would                           ed solutions to place an orbital vehicle on   es us are the oceans. To gain knowledge of
              rent structure of income and expenses.    be attractive not only for its structure and                             another planet. These technologies are   the ocean and carry out its proper explora-
              It seems to us that there is a problem of     production and consumption potential,                                tested in interplanetary travel and applied   tion, a load of technology that rivals space


     594   BLUE ECONOMIYBLUE ECONOMY                                                                                                                                             Financing Alternative for the Brazilian Blue Economy  595
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