2013 ANNUAL REPORT

FGV HAS GENERATED, TRANSMITTED AND APPLIED KNOWLEDGE TO SOCIAL AND ECONOMIC DEVELOPMENT 70FOR 70 YEARS 1 LETTER FROM THE PRESIDENT 1

2 TIMELINE 7

3 TESTIMONIALS 15

TABLE OF 4 INDEXES AND SURVEYS 31 CONTENTS

5 FGV IN NUMBERS 37

6 EXCELLENCE 47

7 ABOUT FGV 87 LETTER FROM THE PRESIDENT

1 GROWING WITH 70YEARS FGV has striven to serve for 70 years, million. What does that mean? Is it the under the guidance of three presidents: same country? Of course conditions have our illustrious founder Dr. Luiz Simões changed a lot in the last 70 years. And Lopes, president from 1944 to 1992; FGV, like Brazil, has had its moments of Dr. Jorge Oscar de Mello Flôres, from crisis and of success. Like Brazil, each 1992 to 2000; and myself, honored to be day it has to face challenges to be able president of FGV since then. With thanks, to conquer the future. especially, to the administration of Simões CARLOS IVAN Lopes, FGV was able to establish a spirit Here at FGV we have a fighting spirit, that sets it apart and shall always set it working for the nation, a forward- apart from other institutions. It belongs looking spirit. We are proud of the past SIMONSEN to no single person; it belongs to Brazil 70 years and will endeavor to make the and the Brazilian people; it is dedicated next 70 years even better. LEAL to shaping elites who believe in their nation, training staff, and strengthening our identity. And all of this is achieved President, Fundação Getulio Vargas without xenophobia, without excluding the rest of the world. We believe that Brazil deserves rational solutions leading to the best possible economic and social development of our nation. FGV is an applied institution, focusing on real problems. We do not believe in improvisation or shortsighted solutions; we believe in building solutions. Perhaps The first Niemeyer building 1968 this is our greatest asset. he year 2014 marks the 70th anniversary of FGV, of 70 years Brazil’s challenges also mean challenges T of work involving thousands for FGV. For example, the country of people. Indeed, the history of FGV recently succeeded in raising the average closely reflects the modern history of our income level of its people. But will Brazil country. Its crises accompany Brazilian fall into the middle-income trap, destined crises, and its growth accompanies to remain outside the “first division” of Brazilian growth in an absolutely clear world nations? Will we be able to achieve and causal link. FGV breathes Brazil, the growth and social development rates lives each moment of Brazil, and is a of developed countries, or will we never vital part of Brazil. achieve this? And if we do achieve it, what other challenges will we have to FGV is a unique institution, not only in face? Brazil but internationally: a think tank that is a higher education institution These are questions that are to be with a tradition of creating a profound considered and solved. They involve impact on Brazilian life. Things that are the areas of administration, applied part of everyday life in Brazil and are mathematics, , law and social very often taken for granted – such as sciences, all areas in which FGV works. the country’s price indexes, and national This is why our professors, researchers accounts, and the first accounts of the and employees are aware that their work Central Bank before it even existed – does not finish when the day’s work is were all born at FGV. done. The people working at FGV know that they work toward a stronger Brazil, It is always worth remembering that a more dynamic troubleshooting Brazil, this institution evolved from the a country of peace that craves to be former Public Service Administrative an important world-class player that is Department (DASP) during the years of finally ready to enter into a more mature the New State. Yet it did not bring with it phase. the shortcomings of that period; instead, 2013 The Oscar Niemeyer Tower it managed to continually add value to When FGV was founded, Brazil’s Brazilian public service and to national population was less than 50 million, and business management techniques. It today it is close to 200 million. When came to understand the problem of FGV was founded, there were 60,000 Brazilian development, to think and act university students in the country – if for the advancement of Brazil. that – and today there are almost seven

5 6 TIMELINE

2

THE NATIONAL SCHOOL OF ECONOMIC SCIENCES BUILDING, WHICH WAS LATER ADDED TO UNIVERSIDADE DO BRASIL (TODAY UFRJ). THE BUILDING WAS FGV’S FIRST MAIN OFFICE. .

7 SHAPING 70YEARS HISTORY 1 944 1 945 Creation ofFGV

1940 (today theMarioHenriqueSimonsenLibrary) Creation oftheCentralLibraryinRiodeJaneiro Creation oftheGraduateSchool ofEconomics,nowthe Brazilian SchoolofEconomics andFinance(EPGE) 1 9 1 5 9 1 Creation oftheBrazilianInstituteEconomics(IBRE) 5 2 Administration (EBAP,nowEBAPE) Creation oftheBrazilianSchoolPublic 1 9 5 4 Creation oftheKarlA.BoedeckerLibraryinSãoPaulo Creation oftheSãoPauloSchoolBusinessAdministration (EAESP) 11 1960 Creation ofFGVBrasilia Documentation ofContemporaryBrazilian History, nowtheSchoolofSocialSciences Creation oftheCenterforResearchand Creation ofthe(CPDOC) 1965 Creation ofFGVPress 1 973 (CPDOC) 1 9 7 1 9 4 7 5 1 9 7 Creation oftheInstituteforEducationalDevelopment(IDE) 9 CreationoftheBrasiliaLibrary Creation ofRiodeJaneiroLawSchool Creation oftheStrategicPlanningandInnovationDivision(DPEI) Creation ofSãoPauloLawSchool Transformation oftheGVConsultandFGVProjects CreationoftheInternationalAffairsDivision(DINT) Creation oftheAcademicIntegrationDivision(DIA) (DIREITO RIO) Creation oftheSchoolAppliedMathematics(EMAp) (DIREITO SP) Creation ofthePublicPolicyAnalysisDivision(DAPP) INAUGURATION OFTHEOSCARNIEMEYERTOWER programs intheFGVProjectsUnit Creation oftheCommunicationsandMarketingDivision(DICOM) Creation oftheBusinessStudies Division(DENN) 2 0 0 12 2 200 3 200 Creation oftheLibrariesSystem 2 4 0 Creation oftheOperationsDivision(DO) Economics (EESP) Creation oftheSãoPauloSchool 0 5 2 0 1 Creation ofFGVEnergy 0 2 0 0 9 2 0 1 1 2 0 1 2 2 0 1 2023 0 FGV AND THE MASTER OF CURVES, OSCAR NIEMEYER

“The Oscar Niemeyer Tower means The complex construction work started a lot to the city”. This is how the vice- in 2010 and was completed on schedule president of Fundação Getulio Vargas, in three years. In the future, FGV's Sergio Franklin Quintella, defines the main office will also undergo a retrofit, building inaugurated in December 2013, requested by Oscar Niemeyer, so that the along with FGV's new architectural old building – registered as patrimonial complex. Designed by Oscar Niemeyer heritage by the Brazilian Heritage in the 1950s, the FGV complex was Institute (IPHAN) – will keep in line finished almost 60 years later, giving the with the new ones. state of Rio de Janeiro another work by the “master of curves”, who would have been 106 years old on the eve of its inauguration, on December 16.

The first project was updated, together with Niemeyer himself, to meet FGV's new needs, and is comprised of, in addition to the main office (inaugurated in 1968), a new building with 19 floors and two underground parking levels - named Oscar Niemeyer Tower in his honor –, one esplanade, and a cultural center. The tower houses offices of large companies, and the cultural center will soon include a library, a study area and one auditorium, in addition to a lounge for art exhibitions. “The cultural center was adapted and it is meant to have flexible functions. For example, the auditorium may be divided into several smaller ones, according to the need and dimension of the event”, says Quintella.

13 14 TESTIMONIALS

3

CONFERENCE ON THE UN COVENANT MADE BY THE AUSTRIAN JURIST HANS KELSEN. RIO DE JANEIRO. SEPTEMBER 1949. SUPPORTING 70YEARS DEVELOPMENT FGV also spreads its know-how through its associated network and distance learning process, both run by the Institute for Educational Development (IDE). In this way, FGV not only operates nationwide but also increasingly abroad. Moreover, FGV is very successful in accrediting undergraduate courses 70 YEARS OF in Administration and Economics nationwide, and some of those certified CONTRIBUTING TO higher education institutions have continually received excellent rankings from the Ministry of Education. In THE DEVELOPMENT the near future, FGV is hoping to significantly extend its representation in OF BRAZIL Brasilia, where it has been active since the capital was founded in 1960.

In December 2013, FGV inaugurated the Oscar Niemeyer Tower – which is part of its cultural and educational complex on the Botafogo bayfront in Rio de Janeiro. Oscar Niemeyer had designed the complex in the 1950s and it was the first of the architect’s designs to be inaugurated after his death. The new facilities are a gift from FGV to the city and, together with the Cultural Center, Sergio Franklin Quintella, e can say in a few words it will contribute not only to increasing vice president of FGV that, during its 70 years, public assets offered by the institution W FGV has perseveringly but also to upgrading the neighborhood. devoted itself to its prime objective FGV is still in the process of – to act as a support for the country’s internationalization, extending its socioeconomic development, with no partnerships with institutions in partisan or political leanings. And FGV Africa, the Americas, Asia, Europe and achieves its mission in a number of ways, Oceania, contributing to the growing always preserving a high rate of respect importance of FGV and its recognition and credibility. as a worldwide think tank.

Through its Rio de Janeiro and São For these reasons, over the last 70 years Paulo schools, it trains professionals at FGV has consolidated its position as undergraduate and post-graduate levels a top center of learning, studies and in Public and Business Administration, education, fulfilling its mission to work Economics, Law, Social Sciences, toward national development. History and, more recently, Applied Mathematics. Through research Speech to open FGV’s new main office, by Luiz Simões Lopes. centers, both school-related ones and 1968 Rio de Janeiro, December 1968. independent centers (such as the oldest, the Brazilian Institute of Economics), it produces studies in pure and applied sciences.

For the past ten years or so, FGV Projects has been using the academic expertise of FGV's schools and research centers to provide public and private agencies with support, creating solutions with an eye toward improving productivity in the private sector, and enhancing public administration in all three spheres of government (executive, legislative and judiciary).

19 20 would prepare public administrators volume ranking option, automatic administration that perceives the but also work in regular high school generation of bibliographic references, challenges and renewal requirements education (namely, Nova Friburgo and instant viewing of recently acquired spurred by modern times, and which College, an innovation in both teaching books, in addition to a speedier and more instigates its directors, professors and and educational terms). In order to intelligent consultation. The catalog may employees to break new ground. prepare highly skilled professionals, also be accessed using mobile handsets, FGV also ran secondary school courses Android or iOS. And there will soon be I was very young when I joined FGV focusing on technical training, such as others, with the inauguration of the new and for around 30 years I’ve worked in THE MEANING accounting and secretarial science. Rio de Janeiro library. many units, confronted many challenges, and developed many projects. And I OF THE WORD I am currently working on three new These are three examples of how FGV am assuredly very proud, happy and projects that somehow update FGV’s is upholding its basic principles in a fulfilled to have dedicated all those years original commitment to education in democratic mindset, while at the same to this institution. “COMMEMORATE” the country. The first project is FGV time always ahead of its time, adapting High School Education, linked to the its mission to the present day. They FGV president’s office. It returns to the update FGV’s commitment to Brazil and principles of dedication to fundamental education, which are inseparable from education, meeting the needs of the 21st each other. The production of didactic century on two fronts: by producing material, books, the availability of free textbooks and through the FGV Digital online content for high school students, High School portal, which provides and the expansion of public access to free online classes, a question base and library collections are the embodiment content related to high school education of FGV's mission to share knowledge. for students all over Brazil. The project will have a huge social impact since FGV commemorates its 70 years, it not only contributes to improving justifying its mission and its projects Brazilian education but also encourages set out in the past thanks to a higher and prepares young people taking the Marieta de Moraes Ferreira, hat does it mean National High School Examination director of FGV Press and to commemorate? (also known as ENEM). FGV Libraries System W Commemorating means “remembering together”. And when The second project is FGV Press, with we say “remembering”, we are talking a focus on increasing the number of about “memory”. And this memory titles related to FGV’s educational and is built up; it selects what must be learning activities – such as the FGV remembered, in order to face future Management series, which has already challenges. This is why, as a historian, I sold more than 2.5 million books. The believe that at times of commemoration success of this collection also shows how it is interesting to talk about the past so important the FGV Press publications that we can understand the present and are for students from other learning envisage the future. institutions and professionals already established in the job market who seek The origin of FGV lies in a decree to keep themselves up to date. And as a signed by then-President Getulio university press of a much wider scope Vargas, authorizing the Public Service than the others, we produce and sell Administrative Department (DASP) to digital books in ebook and epub format, found FGV with the idea of training staff while also meeting demands from other for the country’s public administration. university presses that do not have the It was a time of modernization and same capacity. streamlining administration in Brazil, of setting up an economic model that Lastly, the FGV Libraries System is required state presence. The patronage an earlier project that was, in fact, tradition of allotting public posts was only implemented two years ago. It now making its way to meritocracy, advocates the integration of the libraries where the positions should be held by in Rio de Janeiro, São Paulo and Brasilia, professionals with the necessary skills to streamlining their work, adopting a joint do the job. To train these people, FGV's policy for procurement, expanding, and role was to promote studies about the enhancing availability of the collection, as 1955 Karl A. Boedecker Library, in São Paulo. Brazilian reality and create and run well as modernizing its services. We have courses. just put a new collection management system in place with several resources: With this in mind, FGV in its early days integration with social networks, a

21 22 it was only in the first years of the new millennium that it took the decision to create two law schools: one in São Paulo and the other in Rio. This was not an obvious decision, since Brazil already has more than a thousand law schools. However, there was acute awareness that it was necessary to train a new COMMITMENT generation of jurists, skilled in operating in the legal system in a world identified TO BRAZIL by a strong globalization process and undergoing a runaway revolution in the field of information technology. The Brazilian government itself underwent a reform process that required a more dynamic and interdisciplinary attitude from the legal community. It was therefore necessary to offer a new way of teaching law, especially taking into consideration the capacity that these professionals should have to Oscar Vilhena Vieira, uring the past 70 years, FGV face up to and offer creative solutions dean of São Paulo Law School has played a leading role in to highly complex problems. So the 2009 Graduation of the first class of São paulo Law School. December 2009. (DIREITO SP) D its statutory commitment idea gained ground that FGV schools to contribute to the development of should not train operators of law but Brazilian society through research, rather legal architects able to innovate teaching and staff advancement. This is in the institutional field and to shape an unparalleled and unique track record business. But it could not promote this of professionals who had used heterodox Every semester around a dozen or so professional of excellence today requires in Brazilian history, as it is impossible renewal of legal training without a new teaching methodologies (such as case foreign teachers attend the school, as well a series of skills and know-how that to find another private learning and approach to thinking and producing discussions and classroom problems), as 24 students from other countries. Our demands very different training. In this research institution that has offered legal knowledge. Hence the investment had international experience and, above teachers and students also participate sense, the classic classroom model – the such a valuable contribution to the in interdisciplinary research, opening all, were committed to the development in this exchange, learning about other teacher who had the monopoly of modernization of our government and up a field of institutional studies and of Brazilian society. realities, and we look to attend forums knowledge and speech – can no longer the Brazilian economy. FGV has not only deploying empirical methods that allow on international law. It is no coincidence be the center of the learning process. trained professionals who eventually the jurist to have more realistic grounds This is how the school became a that we are members of the Law Schools Today the question is: how are the occupied leading positions in the public to shape. benchmark at both national and Global League – a groundbreaking students involved? By using new tools, and private sectors, but over the decades international levels, as a globalized, worldwide project intended to respond intensive participation, identifying it has also encouraged the creation of Reinforcing and modernizing the legal groundbreaking and proactive to the fresh challenges imposed by problems, and forming teams to solve research centers of excellence in areas vital institutions are fundamental for fully institution. More recently, following the economic, financial and political them. for our development, namely economics, developing the country – this must be direction of the other spheres of FGV, globalization in the traditional teaching business, government, international based on full democracy, on the vigor São Paulo Law School has also been of law. This is our mission: facing up to and affairs and also law, now taking its place and sustainability of its economic reinforcing its production as a think solving problems through law. Working of excellence in the academic scene both growth process, and on doing justice and tank, through the Center for Applied We are probably one of the schools in and for the São Paulo Law School at home and abroad. In addition to its respecting fundamental rights, without Legal Research. All these ideas have that invest most in internationalization is a tough challenge - a challenge that academic contributions, FGV has been which we will never achieve minimum been possible thanks to the enthusiasm in Latin America, and our Master’s has encouraged a wonderful team of consolidating its position as a think tank, standards of civility. What can we do to and full support of FGV's president. program graduates are some of the most teachers, students and employees. not only undertaking refined analyses contribute to the empowerment of the innovative in the world, according to about the country and its international legal system and the legal institutions in THE FUTURE the Financial Times ranking published context, but also presenting proposals Brazil? How can we preserve the business in 2013. In this context, São Paulo Law and projects to enrich the public debate environment by stabilizing expectations? Law is traditionally a very “parochial” School also has the ambition to be the and enable the decision-making process, How can we collaborate to upgrade the area within the academic milieu. portal through which those who want whether in the government or the market. legal culture and academic environment However, the changes caused by to know Brazil through its legal system In this context, it is worth mentioning in the field of law? These seem to be globalization and by the communications have to pass. that based on the excellence and volume some of the challenges confronted by technology revolution are forcing this to of its production and intervention in FGV when it created its law schools. change. We are watching a huge two- CHALLENGES public debate, FGV has become the top way internationalization process: on think tank in Brazil and one of the most SÃO PAULO LAW SCHOOL one hand, national laws are influenced The challenges of FGV and of São Paulo outstanding in the southern hemisphere. by international law; and on the other, Law School are similar to those that To set up the São Paulo Law School the laws of countries also impact the currently pressure the world’s top Although FGV has always taken into in the early 2000s, to meet the need international system. The legal system learning and research institutions. account the importance of law and its to renew law teaching and research in has become cosmopolitan, and São Paulo Information technology bases have institutions for the development process, Brazil, a group of teachers was formed, Law School has anticipated this trend. changed very quickly. To be a law

23 24 The school benefited from an administration when FGV effectively collapse – which would have been President Getulio Vargas in his second agreement with the University of went to market, still committed to catastrophic for Brazil. term of government, and a member of Southern California (USC). In this the production and quality of the so- the Brazilian delegation to the UN. way, a generation of teachers studied called public assets and adopting a The consensus for all this to be achieved In the international area we play a for their Master’s and PhD degrees in matrix organization structure in which was not easy, but thanks to the leadership leading institutional role in organizations that institution, while North American the schools and institutes provide the of President Carlos Ivan Simonsen Leal important in the areas of administration teachers came here in the period prior bases of human resources, knowledge it was possible to seize the opportunities and public policies, such as, for example, to 1968 to formulate the model of a and degrees for running the executive arising from a period of obstacles. the International Association of Schools TIMES OF CHANGE, school that became EBAP, consolidating learning system of the Institute for and Institutes of Administration the experience of the 1950s upon new Educational Development (IDE) and INTERNATIONALIZATION (IASIA) and International Institute of TIMES OF foundations and opening up prospects technical assistance carried out by Administrative Sciences (IIAS). for post-graduation. In 2002, EBAP FGV Projects – both networking for In those 70 years FGV was reinvented, became EBAPE, to incorporate a School FGV nationwide projection. In this keeping its tradition and always seeking For 46 years I have lived for the 70- OPPORTUNITY of Business Administration. period of transition I signed important new ways of operating. And on an year old FGV and enthusiastically partnerships in order to cross stormy international level, FGV grew much commemorate each decade of its legacy. MY CAREER AND THE BRAZILIAN EBAPE was considered a multi- seas, with Irapoan Cavalcanti, Clovis stronger as a think tank, generating Not only for what it has undergone, but SCHOOL OF PUBLIC & BUSINESS generation academic community, acting de Faro, Luiz Guilherme Schymura and applied research that can feed into public for what it will become, built on solid ADMINISTRATION (EBAPE) as a bridge between the teachers that had Carlos Ivan Simonsen Leal himself. policies and business strategies, and foundations. studied at USC and other universities aligning them with social movements. and the younger members who joined New schools and courses were created later. And it was very important, for later: undergraduate and post-graduate Today I occupy the position of Director my own experience, to be involved with at CPDOC (today the School of Social of International Affairs. During this these two generations, partly because Sciences), Rio de Janeiro Law School, search for the new, I find that the very the older teachers were very generous São Paulo School of Economics (EESP), mappa mundi is in transition. And the in conveying to us their knowledge São Paulo Law School and the School of International Affairs Division (DINT) and experience. I also endeavored to Applied Mathematics (EMAp). advances, giving emphasis to fresh maintain this when I was the school’s dean. There was this concern to pass We can say that the matrix model of Bianor Scelza Cavalcanti, n February 25, 2014, the on knowledge and experience, which FGV was a conscious design, not only director of the International young man who in 1967 created a very special academic culture. consistent with what existed at that Affairs Division (DINT) O climbed the ramp of the Luiz time, but also the most advanced in the Simões Lopes Building to sit the entrance When I left my job as a director of the theory of organizations. And thanks exam for the Brazilian School of Public school, it had achieved first ranking in to it, FGV's transition period was very Administration (EBAP) now for the first the Ministry of Education General Index fruitful yet undertaken in a sensitive time climbed the new escalator of that of Courses, ahead of schools in all areas manner. Here is an example. same building – which is annexed to the of knowledge. I feel it is safe for myself, Oscar Niemeyer Tower, as a sign of new my teaching colleagues, FGV directors When FGV was working with continuing times. who gave us tremendous support, education in the sphere of the schools and our undergraduate, Master’s and through MBAs, this was only possible I joined FGV in that crucial year of doctorate students, to say how proud on a restricted basis. When FGV 1968 to study at EBAP – which was very we are of this. needed to raise funds by providing its important for me as a student, teacher large-scale educational and consulting and academic director because there I TURNING POINT services, it was forced to develop a new also held five terms of office as dean over organizational model and a new culture a total of 18 years. At that time FGV was With the 1992 fiscal crisis, FGV was able to reconcile different kinds of large- already renowned for its contribution to forced to look for a new model under scale activities to meet public demand for priorities, namely in Latin America and Seminar “The DASP the country, as its administration schools which to continue and expand, despite education and consulting services, which the Caribbean, working in cooperation 1981 Experience” (EBAP). were already established in both Rio de the success of the previous model. It until then had gone unmet, across Brazil. with China (through support of the Speakers: Paulo Roberto Janeiro and São Paulo and were already was a tough transition period, under Brazilian Institute of Economics- IBRE), de Mendonça Motta leading the field of academic-technical the presidency of Jorge Oscar de Mello In this respect, the model proved the Persian Gulf and Africa. We help and Luiz Simões Lopes knowledge of administration on the Flores, successor to Luiz Simões Lopes, successful, guaranteeing the academic FGV to expand its operating focus, speaking. Rio de Janeiro, continent. our founder. At that time I had been excellence of undergraduate and stricto once restricted to the more developed October 1981. Administrative Director of FGV for two sensu post-graduate courses, attending a countries of North America and Europe, EBAP was founded in 1952 to years. large number of lato sensu post-graduates which we also continue to follow. train people for Brazilian public – which to a large extent not only provided administration and generate know-how The process of change to a new model the necessary financial investments for DINT is also resuming the program of in this area, which was consolidated became clearer and took shape in the the growth and consolidation of FGV creating a joint chair with the University over the years. In 1967, for example, the administration of Professor Carlos Ivan on new foundations but also proved to of Southern California called “Guerreiro federal government administration was Simonsen Leal in 2000, when it found be an economically and socially valuable Ramos” – a distinguished sociologist reformed under Decree-Law no. 200, ways for closer integration between contribution to the entire country in the area of Public Administration which was drafted and put in place with the FGV schools in Rio, São Paulo when it prevented what can be called a who was professor of EBAP and USC. the help of the school. and Brasilia. It was also during this managerial, business and administrative Guerreiro Ramos was also advisor to

25 26 “IF WE’RE THE CHANGE FOR BEST, WE MUST GET PROGRESS BETTER. WE MUST INNOVATE!”

Joaquim Falcão, dean of Rio de ew Brazilian institutions remain director of the now extinct Institute Janeiro Law School (DIREITO RIO) for so long and have such of Public Law and Political Science, F continuity. It is not often that among other illustrious names; and Brazil is ungrateful with its institutions: even through its older schools, FGV was it creates many and modifies many but already running specialized law courses. few last. In the 70 years of FGV, the At the same time we cannot consider Yoshiaki Nakano, dean of São Paulo he 70 years of FGV are in fact Today the São Paulo School of most important thing to commemorate Brazil without considering its legal School of Economics (EESP) 70 years of success. Today this Economics also has reason to be happy. is its institutional continuity. It is able to institutions, or consider economics and T acronym, these three letters, It was created a little over ten years ago overcome, withstand crises and market administration without linking them to represent a valuable national asset, precisely to help FGV achieve its higher difficulties, move ahead and achieve legislation and legal interpretation, and thanks to the role that FGV has played mission – to train people to think and success. the Constitution. since its founding – contributing not positively impact the future of our only to enhancing public and private country, creating ideas and knowledge FGV is not an institution of abrupt Rio de Janeiro Law School, in addition to administration in Brazil but also to to help enhance the economic activities changes, as can be seen from its its educational and scientific objectives, forming elite teams, those that make and policies of the public sector, and administrations. We are in the third had another organizational purpose: to all the difference to the country. And to improve the performance of the president’s term, and have staff provide the law researcher with working FGV has been doing its utmost since private sector. And the ratings from (consisting of teachers, researchers conditions – which had never been given its creation to bring economic research, the government and labor market and employees) with a high degree of to them in the vast majority of the 1,200 economic planning, and the introduction are recognition that we are somehow stability, which is rare in Brazil’s cultural Brazilian law schools. In this way we of economic rationality to the root of achieving those goals. and scientific track record. This is the are helping to give new dignity to the government decisions. aspect I would like to praise with regard young who want to work in the teaching Nevertheless, I always recall a phrase I to those 70 years. of law and in the area of legal research. FGV schools and institutes are all centers once heard from Dr. Luiz Simões Lopes We intend to build a new matrix, based of excellence in producing knowledge – founder of FGV. “If we’re the best, For continuity to be an institutional not only on legal thinking, on how and ideas for Brazil’s development, we must get better. We must innovate.” brand, we must be alert to the economic, Brazil produces and applies its laws, which makes FGV renowned as one of And EESP is precisely on this track, by market and political scenarios – which but a groundbreaking, modern matrix the top world-class think tanks outside introducing new teaching methods based has been FGV’s key strategy in recent organization. the USA, and number one in Central and on problems and project development. years. And it is in this context of change South America. And it is not we who in order to progress that FGV’s law Another feature of Rio de Janeiro Law say it but international ranking agencies, schools, schools of economics and School is its confessional nature. We namely the University of Pennsylvania. applied mathematics were created, and confess that we are in favor of democracy. that CPDOC was redesigned. Today, Law without democracy is not within our We are so happy to celebrate its 70 CPDOC is a part of the cultural heritage objectives. Law, democracy, freedom of years. FGV is living a time of growth and of Brazil, just as the indexes made by expression and academic independence expansion of its activities – also outside IBRE are part of its economic heritage. go together. Brazil –, while at the same time returning They are two good examples of how successfully to its historic origins, continual renewal secure an institution’s looking to improve the quality of public future. administration by generating ideas and training highly skilled professionals. The law school is a logical progression for FGV. Here Afonso Arinos was

27 28 Studies, while the Center of Industrial confidence of industry, commerce, etc.), base that helps predict how the economy Studies was created later. which anticipate the movements of the will behave. economy, and we are a member of the In 1985 the Institute suffered a major Centre for International Research on It is worth remembering that we blow: the national accounts, which had Economic Tendency Surveys (CIRET) – contributed to the creation and been our responsibility, were moved an international forum of economists and calculation of the indicators but they do to the Brazilian Institute of Geography institutions that further the exchange of not belong to us. We feel we own nothing; and Statistics (IBGE). At that time FGV operational and theoretical knowledge we are fast, flexible and innovative. SEEKING NEW also began to lose revenue, and perhaps of the research of economic cycles, in Contrary to what many may think, we we were the part of FGV that felt the which we always submit papers. This don’t have a relationship of dispute CHALLENGES greatest impact and found it hard to is a must for every country: to foresee with IBGE but rather the opposite. Our assimilate – although we know that in the tendencies of the economy. And we goal is to spread knowledge. We help to practically every country in the world are already creating our own indexes innovate and to develop the country. national accounts, such as the GDP, are and methodologies, which justifies our calculated by public institutions. The participation in this group. Brazil is on the move, but few are able fact is that, with the reversal, there was to understand this. The inflationary the possibility that IBRE might flex IBRE itself is an area of discussion on process had a very negative impact new “muscles”. And then I was invited applied economics involving many but it is over. We are 20 years into the by president Carlos Ivan Simonsen Leal researchers and countries. We encourage Real Plan. Things change, expectations to confront this challenge, to help IBRE diverse interpretations of the economy, increase – and with that, the perception regain its strength. and would like everyone to participate that it is also important for people to Luiz Guilherme Schymura, n 1984, I joined FGV as a Master’s and share their knowledge and views. change. Sometimes it is inflation, other director of the Brazilian Institute student in Economics from the Our first action after taking over the Our idea is to establish it as a forum times employment. All this has inherent of Economics (IBRE) I Brazilian School of Economics and Institute was to publish a book to mark of discussion on economic policy and dynamism. A country is like a large Finance (EPGE) and continued in the the history of IBRE: "Memories of major reflections for the country, and for condominium. And the new generation school to study for my PhD. In 1989, IBRE: testimonies to CPDOC", which no one to feel embarrassed by defending has Internet, mobile phones and so on, I studied for my post-doctorate at the includes testimonies of key professionals a certain line of thought. In this way, so of course expectations are different. University of Pennsylvania. In 1990, I not only for our track record but also we would like to increase our media There is a constant quest for the new, returned as a professor of EPGE. In for the country. The idea was to make impact and be closer to whoever, in fact, and for more. 1997 I was director of FGV Consulting it a starting point since even with all the produces the public policies, supplying and five years later president of Anatel. prestige achieved so far it was from that a foundation and technical support for On this issue, the June 2013 In 2004, I took over the running of the point that we would build a different decision-making. demonstrations in Brazil were a surprise, Brazilian Institute of Economics (IBRE). story. with no clear agenda. In Spain we In other words: by 2014, I had been an We now provide excellent services for the identified the dissatisfaction as a result IBRE director for ten years and spent 30 We decided to begin by reinforcing our public and private sectors thanks to our of unemployment. In Chile, it was due years in FGV, having accompanied the price indexes and economic indicators know-how with regard to calculating to education. In Eastern Europe, it was different phases of the institution. since we were aware of their credibility; price indexes. We provide support to against bureaucracy. And in Brazil? after all, it is extremely hard “to public bids for school material, meals, Wasn’t everyone employed, weren’t The Brazilian Institute of Economics manipulate” an index made by an road concessions, and jobs in the wages increasing? They were, but (IBRE) was created in 1951 and its independent institution. And I insist transportation infrastructure sector. We there is a very strong component of origins go back to the end of World on stressing that this credibility has have a variety of publications, namely indignation. People buy cars but are War II, when the widespread concern been consolidated throughout IBRE’s the Conjuntura Econômica magazine unable go places because of the traffic among countries was to adopt planning existence. I even recall an interesting and its English version, The Brazilian jams; in other situations the citizens feel policies and ways to manage the case in which we were approached by Economy, the Macro Newsletter a lack of respect and don’t know who to economy on a global scale. The Bretton Argentine institutes to produce a price [Boletim Macro], and reports, articles, turn to. There are multiple complaints Woods meeting (when the International index that would give the perception of methodologies and technical notes that and demands. Monetary Fund and the that country’s inflation performance. analyze different aspects of the economy. were created) was attended by Eugenio We also strive to meet other objectives And FGV, when endeavoring to Gudin, Octavio Bulhões and Roberto However, we were faced with a political and pursue new challenges. understand these and other events, ends Campos – responsible for creating the problem that clearly illustrates the up playing a key role in helping to solve Institute, which also included Alexandre concept of credibility: since it was a We always refine our indexes of the most pressing matters of our country. Kafka, Mario Henrique Simonsen, time of institutional crisis in Argentina confidence through contact with the Julian Chacel and other top FGV names, – the official inflation index was being different sectors of the economy and and for the Brazilian economic studies “camouflaged” by the government -, it by perfecting our statistics, and we can in its divisions. could appear that the price indexes say that today they are one of our top we would produce would be a sort – and most promising – products. The In its early days, Gudin was president of of “opposition movement” against the ideal scenario is that they anticipate IBRE, which had four sectors of studies government. And so we decided not to the economy so that a disclosure by and preparation of statistics: one for take this risk of tarnishing our reputation. IBGE, for example, does not surprise price index surveys, one for calculating the market. And we are fighting for national accounts, the Center of Tax We invested in the chain of qualitative these indicators to be even better. Our Studies and the Center of Agricultural indexes and business cycles (such as the intention is to provide an information

29 30 INDEXES AND SURVEYS

4 COMMITTING TO ACCURACY AND 70YEARS EFFICIENCY n Economics, the work of FGV IGP-10, IGP-DI AND IPC-3I CONSUMER SERVICES SURVEY LABOR MARKET began as early as 1946, when a IGP-M INDEXES SURVEY INDICATORS I group of specialists headed by This IPC version was developed based on The Service Sector Survey is the first Professor Eugenio Gudin began to meet the Household Budget Study (POF), run nationwide study to systematically to discuss Brazilian economic matters. These disclose the results of the General by FGV/IBRE in the biennial 2002/2003, Undertaken every month by the Brazilian gather information on this segment, The Unemployment Coincident The following year, the Brazilian Price Index (IGP), a macroeconomic and examines the household budget Institute of Economics. Monitoring the which has a 60% share of the national Indicator (ICD) and the Employment Economic Review (Revista Brasileira indicator representing the price-level consisting mainly of individuals over consumer’s feeling helps to show signs GDP. Every month the Services Survey Leading Indicator (IAEmp) were de Economia - RBE) and The Brazilian performance, which deflates monetary 60 years old. Using this IPC version it of their decisions on spending and future produces a set of indicators that informs launched in 2012 and are published Economy magazine (Revista Conjuntura values and is used as a reference to is possible to see how the price variation savings, forming relevant indicators to the short-term trends and general status monthly. The former is designed to Econômica) were launched, and continue restate prices and contractual values. for goods and services affects the cost predict economic trends. of the sector’s companies, important monitor the contemporary performance to be published today. At the same time, The IGP has three versions with a chain of living of a growing portion of the guidelines for taking corporate and of the unemployment rate in Brazil the group devoted its time to research collection of prices, which gives the Brazilian population. LATIN AMERICAN economic political decisions. (PME, IBGE), based on data taken from and compiling statistics, and was the first indicator a ten-day accompaniment of the surveys of the Brazilian Institute to calculate the Brazilian GDP. inflation to the producer, consumer and IPC-C1 SURVEY COMMERCE of Economics. The latter however civil construction. is designed to predict movements of This group of FGV economists was The Latin American Economic Survey is SURVEY the labor market in Brazil based on consolidated and in 1951 gave rise to the The collection periods for IGP versions Based on the data collected by the last a quarterly study to monitor and predict information taken from IBRE surveys. Brazilian Institute of Economics (IBRE). in the month are: IGP-10 (11 - 10), FGV household budget study in the two- economic trends. Every month the Commerce Survey IACE and ICCE Presided over by Eugenio Gudin, IBRE IGP-M (21 - 20) and IGP-DI (1 -c 30). year period 2002/2003, this calculates produces information used in monitoring first had four sectors of studies and of The IGP-DI is the debt indexer of the the IPC relating to families with a The study, based on information provided and predicting economic trends. The IBRE, in partnership with The compiling statistics: reporting on price states with the central government and monthly income of between 1 and 2.5 by economic experts, is applied using the study, created in accordance with best Conference Board (TCB), produces a indexes, calculating national accounts, the IGP-M restates, jointly with other times the minimum wage. same methodology at the same time in international practices, intends to be a monthly indicator designed to predict the Center of Fiscal Studies and the parameters, electricity supply contracts. all countries of the region. This method benchmark as a coincident and leading the direction of the Brazilian economy in Center of Agricultural Studies, with the The importance of the index, calculated helps build an efficient comprehensive indicator of the level of activity and the short term: the Economic Composite later creation of the Center of Industrial INCC-M retroactively since 2004, is to detect gaps portrait of the economic situation of business expectations in the sector. Leading Indicator (IACE). The indicator Studies. between the inflation rate measured for countries and economic blocs. allows a direct comparison of the the overall population and that referring CONSTRUCTION economic cycles of Brazil with those of Today, the Institute analyzes the prices Designed to gauge the performance of to households with the lowest purchasing INVESTMENTS 11 other countries and regions already collected from the partner companies housing construction costs, the National power. SURVEY covered by the TCB: Australia, China, and transforms them into very relevant Index of Construction Cost (INCC) was SURVEY Euro Zone, France, Germany, Japan, dynamic information for monitoring set up as the first official index of civil MANUFACTURING The Construction Survey is a study Korea, Mexico, Spain, the UK, and the Brazilian inflation, with national and construction cost in the country. It was The Investments Survey is a statistical that produces a monthly set of USA. international repercussions. IBRE has published for the first time in 1950, but INDUSTRY SURVEY survey that provides quarterly reports on information used to monitor and also been producing the surveys since its historic series goes back to January the direction of productive investments predict economic trends in the sector. Complementary to IACE, FGV/IBRE 1966 – including the monthly application 1944. The press releases are distributed This is a qualitative statistical survey in the industrial sector. The study was The basic questionnaire of the survey and The Conference Board coordinate of more than 7,500 questionnaires to monthly. that provides indications each month on created in 1998 as a quarterly Special consists of 11 questions referring solely the Composite Leading Indicators for companies and consumers and their the general status of the industrial sector Supplement for the Transformation to the company’s economic activity, Economics (ICCE), which measures answers, added to monthly indicators, IPC-S AND IPC-S in Brazil and its trends. In this way, it Industry Survey and became independent covering such topics as level of demand, the current economic conditions and show the confidence of the consumer can be a guide when taking decisions on in 2007. Sectors covered by the manpower absorption, access to credit intensity of economic activity on a and various sectors about the Brazilian CAPITALS business and economic policy. Investments Survey include non-metal and general business situation. monthly basis. economy. mineral goods, metallurgy, mechanics, The Weekly Consumer Price Index electrical and communication material, (IPC-S) is part of the FGV consumer transportation material, and timber. price index consumer system, which includes: IPC-DI, IPC-M, IPC-10, IPC- 3i and IPC-C1. Although the collection is weekly, the calculation of variation charges takes into account the average of the prices collected in the last four weeks until the closure date. The interval between the end of the collection and its release is one day, so it is one of the shortest even by international standards. The geographic range of the index includes the following Brazilian state capitals: Recife, Salvador, Rio de Janeiro, São Paulo, Belo Horizonte, Brasília and Porto Alegre.

35 36 FGV IN NUMBERS

5 REACHING 70YEARS OUR GOALS IN 2013 TRACK RECORD (2003–2013)

4000 300

3500 MASTER’S DISSERTATIONS APPROVED 135,900 CONTINUING EDUCATION STUDENTS 389 250 3000

2500 200

2000

1500 150 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

INTERNATIONAL AGREEMENTS 69 PHD THESES APPROVED 148 OF ACADEMIC, SCIENTIFIC AND UNDERGRADUATES STUDIES AND RESEARCH TECHNICAL COOPERATION

1500 350

1200 300

900

250 UNDERGRADUATE STUDENTS 3,296 252 STUDIES AND RESEARCH 600

300 200 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 20032003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 MASTER’S STUDENTS TECHNICAL ADVISORY PROJECTS

400 500000

609 GRADUATE STUDENTS 314 TECHNICAL ADVISORY PROJECTS 350 400000 2013 300 300000 250

200000 200

150 100000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 426,300 1,193 MASTER’S STUDENTS BOOKS IN CIRCULATION –2013 PHD STUDENTS BOOKS IN CIRCULATION

150000

120000

90000 TITLES PUBLISHED (BOOKS AND PHD STUDENTS 395 493 E-BOOKS) 60000

30000 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013

CONTINUING EDUCATION STUDENTS

41 42 1 DENMARK NORWAY 1 5 GERMANY HOLLAND 2

3 CANADA 2 SWITZERLAND UNITED KINGDOM 5

2 AUSTRIA FRANCE 18 1 KOREA 25 USA 3 CHINA PORTUGAL 5 1 ISRAEL 2 MEXICO SPAIN 5 INDIA 4

ITALY 5

CAPE 3 COLOMBIA 1 VERDE 1 INDONESIA

1 SINGAPORE 1 ECUADOR

2 PERU 2 ANGOLA INTERNATIONAL PARTNER 1 SOUTH AFRICA INSTITUTIONS OF 1 CHILE FGV IN 2013

6 ARGENTINA HOLLAND SINGAPORE Tilburg University National University of Singapore University of Amsterdam Tilburg School of Economics and Management SPAIN ESADE Business School EAE Business School INDIA Pompeu Fabra University - UPF Institute of Public Enterprise IE Business School Confederation of Indian Industry - CII Catalonia Foundation Indian Council of Cultural Relations INTERNATIONAL (ICCR) PARTNER INSTITUTIONS Indian Institute of Management SWITZERLAND Calcutta School of Management and Law of the OF FGV IN 2013 Zurich University of Applied Sciences Swiss Federal Institute of Technology - INDONESIA KOF Swiss Economic Institute ASEAN Foundation

UK ISRAEL London Business School IDC — Herzliya Radzyner School of University of Lancaster Law The University of Manchester The University of Nottingham Regent’s College London ITALY European University Institute Italian National Institute of Statistics - USA SOUTH AFRICA CAPE VERDE ECUADOR ISTAT ABCI Institute University of Stellenbosch University of Cape Verde Simon Bolivar Andean University Bocconi University American University Università Degli Studi di Roma Duke University IED-Brazil - Istituto Europeo di Design Emory University GERMANY CANADA Harvard Law School Albert Ludwigs Universität Freiburg Embassy of Canada FRANCE New York University European Business School International Development Research Audencia Nantes School of KOREA Northwestern School of Law Law Faculty of the Westfälische Centre Management Ministry of Foreign Affairs and Trade, Ohio University Wilhelms-Universität (Münster McGill University ESCP-EAP European School of Republic of Korea - MOFAT Pace University University) Management - Paris Rutgers - The State University of New Pforzheim University ESC Rennes School of Business Jersey Techinal University Hamburg CHILE ESCEM School of Business and MEXICO State University of New York University of Art & Social Sciences Management - Tours El Colegio de México The George Washington University (ARCIS) ESIEE Paris Monterrey Institute of Technology and University of California ANGOLA ESSEC Business School Higher Education University of California - Berkeley ISPAN European School of Management – University of California - Irvine Agostinho Neto University CHINA ESCP-EAP University of California - San Diego China University of Political Science HEC Paris NORWAY University of Chicago and Law HEC School of Management BI Norwegian School of Management University of Florida ARGENTINA Institute for Brazil-China Studies Grenoble Institute of Political Studies University of Miami Executive Office of the Cabinet of (IBRACH) (IEP) University of Miami School of Law Ministers of the Republic of Argentina The Chinese University of Hong Kong Sciences Po Lille – Paris PERU University of Tampa National Auditing Office Paris Dauphine University University of the Pacific University of Texas at Austin Austral University Sorbonne University ESAN Graduate School of Business University of Houston Law Center University of San Andrés COLOMBIA University Paris 1 Pantheon-Sorbonne University of Minnesota National University of Quilmes Externado University of Colombia University of Strasbourg University of Chicago National University of La Plata Los Andes University ESC Rennes School of Business PORTUGAL Cornell University - Johnson School Ministry of Foreign Affairs of EDHEC Business School INDEG-IUL – ISCTE Executive Colombia EDC Paris Business School Education AUSTRIA Catholic University of Portugal Vienna University of Economics and University of Coimbra Business DENMARK New University of Lisbon IMC Krems Copenhagen Business School Technical University of Lisbon

45 46 EXCELLENCE

6

OPENING SESSION OF EPGE’S 1964 COURSES. PROFESSOR NEY COE DE OLIVEIRA SPEAKING. RIO DE JANEIRO. PROMOTING 70YEARS KNOWLEDGE BRAZILIAN SCHOOL

OF ECONOMICS ORGANIZES 49 SEMINARS, 42 OF THEM RUN BY PROFESSORS OF INTERNATIONAL DEPARTMENTS AND FINANCE EPGE

49

DEAN Rubens Penha Cysne

ince its foundation in 1961, FGV/EPGE Since the start of 2011, the International Ranking – the Brazilian School of Economics and of the Tilburg University Economics Departments S Finance – has trained the elite of economists has ranked EPGE as the best school of economics HOLDS THE 3 RD GLOBAL in Brazil. Its students – from the undergraduate, in Latin America. Moreover, EPGE has the highest CONFERENCE ON BUSINESS CYCLES academic Master’s, PhD and the professional number of first places in the General Index of IN PARTNERSHIP WITH VALE Master’s in finance and business economics courses Courses of the Ministry of Education (IGC/MEC), – contribute in both the public and private sector from more than 2,000 Brazilian higher education to drafting economic policies to further Brazil’s institutions. development.

In order to understand and solve today’s economic THE WINNERS OF THE NOBEL PRIZE problems, EPGE encourages its teachers and FOR ECONOMICS EDWARD PRESCOTT, students to devote their time to research, publishing CHRISTOPHER SIMS, ROBERT LUCAS, and presenting their papers in the top scientific ROBERT ENGLE AND JAMES HECKMAN journals and economic study centers. The school VISITED THE SCHOOL also runs partnerships and exchange programs with the most traditional international institutions and publishes the Brazilian Economic Review (RBE) – the oldest and most respected academic journal on economics in Brazil.

51 HOLDS THE 3RD LATIN AMERICAN SÃO PAULO ADVANCED PROGRAM ON RETHINKING MACRO AND DEVELOPMENT ECONOMICS (LAPORDE), WITH PARTICIPATION OF SCHOOL OF RESEARCHERS FROM THE UNIVERSITIES OF CAMBRIDGE, COLUMBIA AND ECONOMICS MISSOURI EESP

PROFESSOR ELIANA ANASTACIA CARDOSO IS AWARDED THE ECONOMIST OF THE YEAR PRIZE — EXCELLENCE IN ECONOMICS 2013, BY THE ORDER OF ECONOMISTS OF BRAZIL

DEAN Yoshiaki Nakano

1st

ão Paulo School of Economics, with ethics EESP also looks to encourage research through its ten and social responsibility at the forefront, study centers, in areas of applied microeconomics, S was created in 2004 to contribute to macroeconomics, agribusiness, global trade and the country’s development by getting to know investment, finance and market design. the Brazilian reality and strengthening national identity. The school offers undergraduate, academic It also has partnerships with world-class schools Master’s, PhD, post-doctorate and professional of economics, finance and business, such as, for Master’s courses in economics in the fields of example, LSE, Sciences Po and Yale. quantitative finance, financial macroeconomics, social policies and agribusiness, and its teaching Moreover, the school was considered the best FIRST RANKING OF ALL THE BRAZILIAN staff have professional, research and teaching higher education institution in Brazil according to SCHOOLS RATED IN THE MINISTRY experience in the public and private sectors. the General Index of Courses (IGC) of the Ministry OF EDUCATION GENERAL INDEX OF of Education (MEC) in 2012 (announced at the end COURSES (IGC/MEC) of 2013).

54 BRAZILIAN SCHOOL OF PUBLIC

AND BUSINESS BEST ADMINISTRATION INSTITUTION IN BRAZIL AND 5TH RANKING IN THE ADMINISTRATION GENERAL INDEX OF COURSES (IGC/MEC) EBAPE

SET UP PARTNERSHIPS WITH THE UNIVERSITY OF CAPE TOWN, PURDUE UNIVERSITY, CEU BUSINESS SCHOOL AND UNIVERSITY OF SOUTH CAROLINA

DEAN Flavio Vasconcelos 5

BAPE, the first school of Public EBAPE also has partnerships with 60 business Administration in Brazil and Latin schools worldwide, among them the Bocconi E America, was founded on April 15, 1952, University, European School of Management – in the city of Rio de Janeiro. Since then, it has been ESCP Europe, Sciences Po, Cornell University and responsible for the production and dissemination Emory University. Its exchange programs enrich of knowledge, encouraging research and training student learning and reinforce its world ranking of skilled professionals to work in the public and excellence in administration teaching and research. private sectors and in academics. EBAPE is one of the 10 top higher education institutions in Brazil and the school holds a top AWARDED THE INTERNATIONAL ACCREDITATIONS: The school offers undergraduate (DL and classroom), ranking in administration in Rio de Janeiro, with EUROPEAN FOUNDATION FOR MANAGEMENT Master’s and PhD courses that make all the difference maximum rating in the ranking of the Ministry of DEVELOPMENT (EFMD); EUROPEAN QUALITY to the careers of its trained professionals since these Education General Index of Courses (IGC/MEC) in IMPROVEMENT SYSTEM (EQUIS-EFMD) FOR THE courses are structured according to market trends 2012. SCHOOL, AND TECHNOLOGY-ENHANCED LEARNING and the requirements of the globalized world. It has ACCREDITATION (CEL-EFMD) FOR THE COURSE ON also signed partnerships with top foreign business MANAGEMENT PROCESSES (DL) schools, giving the Brazilian public the opportunity to join international programs of excellence. These are: IMM – International Masters of Management; CIM - Corporate International Master's; and IMPM - International Master's Program in Practicing Management.

55 SÃO PAULO SCHOOL THE FINANCIAL TIMES RANKING CONSIDERS THE ONEMBA THE BEST OF BUSINESS EXECUTIVE MBA IN LATIN AMERICA ADMINISTRATION EAESP

HOSTED THE 8TH IBERO-AMERICAN ACADEMY CONFERENCE — WORLD IN TRANSITION: BUSINESS, MULTICULTURALISM AND SOCIETY

DEAN Maria Tereza Leme Fleury

1st

his was the first School of (GVcemf), Public Sector Politics and with the sector, and OneMBA for Business Administration Economics (CEPESP), Finance (GVcef), executives with seven or more years of T founded in Latin America Health Planning and Management professional experience. and since 1954 has maintained a long (GVsaúde), Private Equity (CEPE), tradition of training leaders in the fields Sustainability (GVces), Logistics and EAESP is Brazil’s most internationalized of academics, business and government. Supply Chain (GVcelog), Excellence in school of administration in terms of It stands out as one of the top business Retail (GVcev), Applied Information agreements, alliances, student and schools in Brazil and Latin America Technology (GVcia), Innovation teacher mobility, double diplomas and one of the few in the world to Forum, International Business Research and research, covering more than 90 obtain the triple international teaching Forum, Finance Institute, Center for international partnerships. All those EAESP MASTER’S AND PHD STUDENTS quality accreditation, which includes Organizational and People Studies, and factors place EAESP in a privileged PREPARED THE FGV ADMISSION EXAM recognition of the following specialized the Center for Communications and situation in national and international COURSE FOR PUBLIC SCHOOL STUDENTS agencies: AACSB, EFMD and AMBA. Digital Media Marketing. assessments and rankings.

The school has a reputation as one of The school offers a degree in business In 2013, the OneMBA was the only the most prestigious academic centers and public administration, an academic executive MBA in Brazil of the world’s in business and public administration, Master’s, PhD and courses in executive top 100, according to the Executive for its ongoing development of research education in accordance with the MBA Ranking, run by the Financial and groundbreaking studies, and as student’s professional status: MPGI and Times. EAESP's program is ranked 27th, a forerunner in applied knowledge, MBM for young professionals, CEAG ahead of universities such as Columbia disseminated in publications and projects and CEAHS for those who graduated and Cornell, and is the only one in carried out in its various research centers. more than three years previously, MPA the top 60 rankings linked to a Latin for executives with relevant professional American institution. These are: the Centers for Studies in expertise in managerial positions, Entrepreneurship and New Business MPGPP for professionals working in (GVcenn), Government and Public government, non-government public Administration (CEAPG), Microfinance organizations, or in close interaction

58 SENT 20 STUDENTS TO 13 LEARNING INSTITUTIONS ABROAD, FOR EXAMPLE, RIO DE JANEIRO LAW HARVARD UNIVERSITY, SCIENCES-PO PARIS AND UNIVERSITY OF COIMBRA; AND WELCOMED 15 STUDENTS FROM 11 DIFFERENT INSTITUTIONS, SCHOOL SUCH AS THE CATHOLIC UNIVERSITY OF DIREITO RIO PORTUGAL AND HARVARD

A PARTNERSHIP WITH BENFEITORIA CROWDFUNDING PLATFORM FOR CONDUCTING FEASIBILITY STUDIES OF THE PROPOSED INNOVATIVE SOLUTIONS FOR THE CITY OF RIO DE JANEIRO DEAN Joaquim Falcão

20 io de Janeiro Law School was addressing different theoretical under teacher supervision. The school is created in 2002 to offer the and empirical aspects of the legal also in partnership with the press, as in R country a new legal education phenomenon – a production resulting the "Mensalão" trial – in which Rio de model capable of training leaders to think in a large quantity of books published Janeiro Law School played a key role in about Brazil in the long term. Today, the by the school and articles published by translating the legal terms of the lawyers school is the country’s benchmark in national and international academic and Ministers of the Supreme Court and public legal careers and business law. journals. in analyzing the sessions. The school believes that the major objective of this The school began with the challenging In terms of internationalization, Rio partnership between academia and the task of fostering innovation in learning, de Janeiro Law School offers exchange press is democratic participation. research, teaching, content, curriculum programs for students and professors and assessments. To achieve this, action at 30 reputable foreign universities ORGANIZED THE CONFERENCE ON CORPORATE was taken on many different fronts: – namely Harvard Law School and GOVERNANCE AND INTELLECTUAL PROPERTY undergraduate study, post-graduate Paris-Dauphine University -, as well as IN CONJUNCTION WITH THE UNIVERSITIES OF work, continuing education courses, seminars given by international speakers, VANDERBILT AND TILBURG, AND DUISENBERG through the work of its four research and summer courses. The school also SCHOOL OF FINANCE centers (Center of Justice and Society, has its own virtual library and a series Center of Technology and Society, Center of publications with a multidisciplinary of Research in Law and Economics, and approach to law, namely the Revista de Center of Law and Environment) and Direito Administrativo (Administrative the country’s first academic Master’s Law Review) and the Novas Ideias em degree in regulatory law, launched in Direito (New Ideas in Law) series. 2013 and with the first class already in progress. Rio de Janeiro Law School also contributes with thematic centers of Through the research centers, teachers legal work to help undergraduate and students work jointly on studies students work on complex matters,

59 CREATED THE LAW TEACHING OBSERVATORY PROJECT TO COMBINE, SYSTEMIZE AND DISSEMINATE DATA ON SÃO PAULO BRAZILIAN LEGAL EDUCATION LAW SCHOOL DIREITO SP

THE SCHOOL’S MASTER’S PROGRAM IS CONSIDERED ONE OF THE WORLD’S MOST INNOVATIVE IN THE FINANCIAL TIMES RANKING

DEAN Oscar Vilhena Vieira

1st

ão Paulo Law School was created to São Paulo Law School also offers academic form a new generation of jurists that are exchanges and programs that prepare the students S able to meet the challenging demands of and lawyers for international work. The school contemporary society. This is why it invests in an runs the Global Law Program and is a member of innovative teaching project that prepares its students the Law Schools Global League, some members of to work in the public and private spheres through which are the world’s most influential law schools. ongoing dialogue with other fields of knowledge, Another outstanding feature of the school is its so that they can positively and strongly influence Center for Applied Legal Research, which conducts Brazilian development. studies and public proposals for strengthening the Brazilian Democratic State of Law. WAS CHOSEN TO TAKE OVER THE The school offers undergraduate and academic PRESIDENCY OF THE LAW SCHOOLS Master’s programs and 12 lato sensu post-graduate Finally, the São Paulo Law School Review (Revista GLOBAL LEAGUE FOR THE TWO-YEAR courses in business and tax law, and intellectual DIREITO GV) is the only Brazilian legal publication PERIOD 2013-2015 DURING THE GROUP’S property, for example. And São Paulo Law in the Scientific Electronic Library Online (SciELO). THIRD CONFERENCE School is also the first professional LLM in Brazil, with research lines in business law and tax law. Furthermore, in 2013 São Paulo Law School was the only Latin American institution to be included in the Financial Times ranking of the most innovative Master’s courses in the world.

62 ON ITS 40TH ANNIVERSARY, IT BECAME SCHOOL THE FGV SCHOOL OF SOCIAL SCIENCES OF SOCIAL SCIENCES CPDOC

HAS BEGUN THE GLOBAL NORM EVOLUTION AND RESPONSIBILITY TO PROTECT PROJECT — A PARTNERSHIP WITH THE GLOBAL PUBLIC POLICY INSTITUTE (GPPI), FUNDED BY THE VOLKSWAGEN FOUNDATION

DEAN Celso Castro

40 GV/CPDOC School of Social Sciences was The school, through its Center for International created in 1973, and during its first 40 Relations, also offers students in all FGV F years became a major center of research undergraduate courses in Rio de Janeiro or São and teaching, with a focus on social sciences and Paulo supplementary training in international contemporary history. It is one of the forerunners relations. The students can also enjoy cooperation in preserving private files of public personalities, agreements with more than 15 international whose records tell the cultural, economic, and research and higher education institutes in the USA political history of Brazil and the course of the and Europe. country’s international relations with other world nations. CPDOC is also a pioneer in democratizing CPDOC also has an applied social research center, access via Internet to the contents of its historical FGV Opinion, and Audiovisual and Documentary collection. Center – both outstanding for the learning and research conducted by the school. CPDOC offers a degree in social sciences and in HELD EUROPE DAY IN PARTNERSHIP WITH history, plus post-graduate programs: Academic According to the Ministry of Education General THE KONRAD ADENAUER FOUNDATION Master’s and PhD in history, politics and cultural Index of Courses (IGC/MEC) 2012, FGV's School AND NATO DEFENSE COLLEGE assets, and the Professional Master’s in cultural of Social Sciences is ranked seventh among all assets and social projects; it also offers specialized higher education institutions in Brazil. courses and an MBA in international relations, cultural management and production, documentary cinema and cultural assets – culture, economics and management.

63 DEVELOPED THE FGV CLOUD PROJECTS, SCHOOL OF “ALTERNATIVES FOR LARGE-SCALE MATHEMATICALLY BASED DISCIPLINE APPLIED LEARNING” AND “MANAGEMENT OF ELECTRICITY PRODUCTION IN BRAZIL” MATHEMATICS EMAp

HOSTED ISKO 2013, THE INTERNATIONAL SOCIETY FOR KNOWLEDGE ORGANIZATION, 4TH WORKSHOP ON INTERACTIVE VISUALIZATION, I SYMPOSIUM ON BIG DATA AND PUBLIC HEALTH AND THE WORKSHOP RESEARCH IN OPTIMIZATION AND STATISTICS

DEAN Maria Izabel Camacho

MAp is aware of the growing demand in The school’s research and cooperation projects the labor market for professionals who can include the development of human mobility models E use increasingly sophisticated mathematical based on mobile phone data, real-time warning techniques and computer models. It prepares its systems on the risk of dengue fever, ongoing collection graduates to work in strategic sectors of public and analysis of national media, digitization and 3D and private organizations as well as to build their printing of art objects, as well as tools for simulating capacity for academic studies and consulting and estimating stochastic equations to be applied projects. in neuroscience and bioinformatics technology. In PARTNERSHIPS WITH LEARNING AND recent years, cooperation agreements have also BUSINESS INSTITUTIONS, NAMELY FIOCRUZ, The teaching staff at FGV’s School of Applied been set up with the Rio de Janeiro and São Paulo PETROBRAS, FAPERJ, UFMG, UFF, UFMA, Mathematics have diversified training backgrounds courts of law. PUC-RJ, IMPA, COPPE, BERKELEY, SRI, in mathematics, engineering, computer sciences, MICROSOFT RESEARCH AND CEPEL biology and other areas – a range that is very The school also offers the Academic Master’s enriching and relevant with regard to the versatility in Information mathematic modeling, with an of contexts and applications. emphasis on modeling and simulating complex systems, knowledge and ontology representation, The professional trained by EMAp is able to and information extraction, processing and apply mathematical, informational and computer visualization. techniques to a wide variety of work, for example, the financial market, fighting crime, charting socioeconomic trends, and understanding the spread dynamics of infectious-contagious diseases, collaborating with public and private organizations in their environmental monitoring sectors, scenario analysis, strategic planning and risk management.

66 INSTITUTE FOR EDUCATIONAL DEVELOPMENT IDE HELD THE II SEMINAR ON FGV / FIFA MASTER ALUMNI SPORTS MANAGEMENT IN CONJUNCTION WITH FIFA AND CIES

DIRECTOR Rubens Mario Alberto Wachholz

FGV EXECUTIVE EDUCATION DISTANCE LEARNING offices and the FGV Partner Network present in more than 100 Brazilian cities. PARTICIPATED IN THE OPEN COURSEWARE With an eye on specific professional The FGV distance-learning program In close partnership with its clients, CONSORTIUM (BALI, INDONESIA), 19TH and business requirements, FGV, is committed to disseminating the FGV Corporate customizes content and INTERNATIONAL CONGRESS ON DISTANCE relying on the structure of its Institute knowledge learned from FGV's draws up short, medium and long-term EDUCATION (SALVADOR, BAHIA, BRAZIL), for Educational Development (IDE), schools, centers and institutes, breaking programs, in classroom, distance and IMS LEARNING IMPACT AWARDS (SAN DIEGO, runs executive education programs that down geographical barriers and time blended learning formats. It also offers CALIFORNIA, USA) AND REINVENTING HIGHER combine the excellence and tradition of restrictions by using communication companies courses developed by FGV's EDUCATION (MADRID, SPAIN) FGV's schools, institutes and centers technologies such as satellite transmission schools to meet their requirements with market-driven innovation and and webcast. for qualification and training. Our practical insight in classroom and courses, always in line with the strategic distance learning modalities, in open or By combining flexible and far-reaching corporate view, has the approval of some customized business courses. characteristics, for example, FGV Online of the most reputable lato and stricto allows the students to independently sensu under-graduate and post-graduate 3.5 M CLASSROOM EXECUTIVE develop and build up their own learning. schools in the country, as well as the EDUCATION – MANAGEMENT Each student has a support system Brazilian Institute of Economics (FGV/ NETWORK that includes teacher-tutors with vast IBRE). academic background and everyday The classroom executive education business experience, a collaborative Our programs help develop skills and courses address the contents developed virtual academic environment, 24/7 capabilities that contribute to the success by FGV for use in all regions in Brazil, technical support and a virtual library of organizations and their professionals. through three centers — Rio de Janeiro, with more than 60,000 volumes. With the support of specialist teachers São Paulo and Brasília – and a partner and coordinators in the market, FGV network in more than 100 Brazilian FGV Online, winner for two years Corporate – the result of uniting two cities. running of the OCW People’s Choice strong names in Brazilian education Awards, combines the tradition of FGV – FGV Corporate and the corporate The Management Network offers short and the innovation of distance learning. education branch of FGV Online – offers THE HOME PAGE OF FGV’S COURSE IN and medium term, post-graduation and solutions that help identify opportunities OCW RECEIVED 3.5 MILLION HITS MBA courses and programs for senior for companies throughout Brazil to executives, and international modules CUSTOMIZED EXECUTIVE innovate and leverage their growth. in prestigious universities in Asia, EDUCATION Europe and the USA, with the expertise of teaching staff that combines vast FGV Corporate is the FGV program academic experience with market know- responsible for drawing up learning how. The Management Network in solutions and programs for companies partnership with FGV Press develops the and third-sector organizations. By MGV Management Series, a collection of combining the force and expertise of first publications in various applications executive education of FGV's schools, for FGV's MBA courses. FGV Corporate operates nationwide through its Rio de Janeiro and São Paulo

67 CREATED AN INDICATOR TO MEASURE THE BRAZILIAN LEVEL OF INSTALLED CAPACITY OF THE SERVICE SECTOR IN PARTNERSHIP WITH THE INSTITUTE (BACEN) OF ECONOMICS IBRE

ORGANIZED THE SEMINAR “BRAZIL’S FISCAL RISKS IN THE MIDDLE AND LONG TERM” IN CONJUNCTION WITH THE IMF

DIRECTOR Luiz Guilherme Schymura

he Brazilian Institute of has a permanent staff of professionals Institute’s applications for iPad and Economics (IBRE) was created specializing in applying economic and the IBRE portal (www.fgv.br/ibre), T in 1951. This FGV unit has the social sciences and statistical methods. and through its coordination of events mission to research, analyze, produce and The indicators and briefly summarized related to the latest issues concerning publish macroeconomic statistics and reports are available to the public, but Brazil's economy. top-quality applied economic studies, at more analytical and detailed levels the SIGNED A PARTNERSHIP WITH THE which are needed to refine public policies information is provided under licensing INSTITUTE OF AMERICAN STUDIES OF THE or private sector actions in the Brazilian arrangements. CHINESE ACADEMY OF SOCIAL SCIENCES economy, and which contribute to the (ILAS-CASS), TO EXCHANGE EXPERIENCES country’s economic development and IBRE has a division dedicated to applied ON TOPICS SUCH AS INNOVATION, SOCIAL social wellbeing. economic research which employs top POLICIES, INCOME DISTRIBUTION, SAVING professionals whose mission is to produce AND PUBLIC FINANCE Since IBRE began, it has been developing and publish relevant studies related to the studies, research, analyses and a number Brazilian economic situation, reinforcing of indicators based on collecting business, FGV’s reputation as one of the world’s economic and financial data. Some of its most influential think tanks. This is the economic statistics worth mentioning are IBRE division responsible for producing the Price indexes and Economic Surveys, newsletters, papers and seminars widely used by students, analysts of the on macroeconomics, and studies in Brazilian economy and administrators agribusiness, foreign sector, industrial in the public and private sectors. IBRE policies, economic development, produces these indicators based on employment and income, public finance, a research structure set up in every monetary studies, education and public Brazilian state capital, where more than and social policies. IBRE papers are 350,000 prices and economic data are published in the English version of the collected every month from more than Conjuntura Econômica magazine (The 30,000 corporate partners. To do so, it Brazilian Economy), available via the

70 PRESENTED THE STUDY “POVERTY AND INEQUALITY IN BRAZIL: A VIEW FROM THE SOUTH”, AT THE GLOBAL ECONOMIC FGV SYMPOSIUM, KIEL, GERMANY PROJECTS

HAS MAINTAINED AND STRENGTHENED ITS PARTNERSHIP WITH INTERNATIONAL COOPERATION AGENCIES, SUCH AS THE INTER-AMERICAN DEVELOPMENT BANK (IDB), WORLD BANK, AFRICAN DEVELOPMENT BANK, ORGANIZATION OF AMERICAN STATES, UNITED NATIONS, AND ORGANIZATION FOR ECONOMIC COOPERATION AND DEVELOPMENT (OECD) DIRECTOR Cesar Cunha Campos

GV Projects is the technical advisory In line with FGV’s international strategy, FGV division of FGV, responsible for applying Projects has been innovating with regard to its F the academic knowledge accumulated and integrated communication tools, promoting generated in its schools and institutes. It helps content and helping disseminate knowledge in public, corporate and third-sector organizations many different areas, especially through seminars at home and abroad by developing projects in and publications for the Brazilian and international the fields of economics and finance, management public. This exchange between academia, civil and administration, law, and public policies. The society and the public and private sectors has been division also looks for solutions for strategic matters accompanied by the valuable contribution of the focused on national development, with a constant academic work of FGV. eye on social issues and sharing knowledge related to economic growth and sustainability. FGV Projects also works with organizing exams, PRESENTED THE BRAZILIAN EXPERIENCE public examinations and certifications, as well as IN BIOENERGY PRODUCTION AND USE For more than 30 years, FGV Projects has been technical advisory services, planning and research AS AN ALTERNATIVE TO LOW-CARBON combining technical capacity, groundbreaking in urban mobility and cities. EMISSIONS AT THE 3RD LOW CARBON methodologies and a team of skilled professionals EARTH SUMMIT, IN XI’AN, CHINA with proven experience in furthering efficient management practices. A sign of the international recognition of its longstanding career of studies, projects and consolidated experiences is winning the South-South and Triangular Cooperation - Leadership Award 2012 - Brazil and Mozambique for Biofuels, for the best solution, by the United Nations Industrial Development Organization (Unido).

71 MADE 308 E-BOOKS IN EPUB AND PDF FORMAT AVAILABLE ON ITS WEBSITE FGV PRESS

SALES OF FGV MANAGEMENT PUBLICATIONS EXCEEDED 2.4 MILLION COPIES

DIRECTOR Marieta de Moraes Ferreira

2.4 M ince 1945, one of FGV’s missions has been to In addition to its publications, FGV Press has been publish and disseminate works on different investing increasingly in e-books and currently has S fields of knowledge, always concerned with more than 300 e-books available on its website and contributing to improved learning and education in on other national and international web platforms. Brazil. With the increasing quantity and relevance The majority of titles in this format have a similar of such work, in 1974 the FGV Publications Sector format, but the plan is to digitalize the entire catalog, was renamed FGV Press. including formatting and reformatting the books.

Over the years it has acquired more than a thousand At prices 30% lower than hardcover books, the published titles, ranging from its current works e-book is a cheaper, more practical and sustainable adopted by learning institutions nationwide to option. A number of works in this format are also serving the needs of the business and government available free on the FGV Press website, which JOINED THE BLACK FRIDAY sectors as well as individual readers keen to acquire reasserts its commitment to encouraging reading EVENT IN BRAZIL information and knowledge. Its catalog covers and access to knowledge. administration, economics, law, anthropology, sociology, archives, political science and history, benefiting and encouraging FGV authors and scholars from the academic community at home and abroad.

74 FGV LIBRARIES BMHS – RECORDED 118,615 USERS AND PROVIDED LENDING, RENEWAL OR SYSTEM LOCAL INQUIRY RESPONSE FOR 65,355 ITEMS IN ITS COLLECTION

DIRECTOR BKAB – UNDERTOOK TECHNICAL TREATMENT OF Marieta de Moraes Ferreira AROUND 800 COPIES OF THE SPECIAL CPDOC COLLECTION ON SOCCER, HISTORY AND HERITAGE

n 2012, the FGV Libraries System MARIO HENRIQUE KARL A. BOEDECKER LIBRARY (FGV/SB) moved from theory SIMONSEN LIBRARY BKAB I to practice, combining the FGV BMHS libraries via digital technologies. Today Karl A. Boedecker Library (BKAB) was four libraries are under the system: The library at FGV’s main office was created in 1954 to provide bibliographic Mario Henrique Simonsen Library created in December 1945 as a central support for the teaching and research (BMHS), Karl A. Boedecker Library library, and renamed the Mario Henrique activities of EAESP. In 2005, the BKAB 800 118,615 (BKAB), Brasilia Library and the FGV Simonsen Library in December 1997 in began serving the São Paulo School Libraries System. honor of the former Minister of Finance of Economics and the São Paulo Law and then vice-president of FGV who School, which was also created that And in 2013, the emphasis of the FGV/ died that same year. same year. The collection is specialized SB Division was to upgrade the entire in public and business administration, FGV Libraries System, which may The BMHS houses a valuable and economics, business, law and social now be seen after the new collection traditional collection in the areas of sciences. administration system was put in place, public and business administration, and the new site and mobile version of political science, law, economics, Today it has more than 69,000 titles of the catalog went live. finance, history of Brazil and Sociology, books, theses and dissertations, DVDs, and uses the full-function Virtua library photographs and e-publications, plus Soon users will also have a strong tool in management system – to enable online more than 44,000 volumes of scientific the search for academic information on consulting, lending and reserves. journals. The BKAB also uses the FGV LIBRARIES SYSTEM – CREATED THE the FGV Libraries System website: the VTLS Virtua LMS, which includes the FGV PRESS COLLECTION TO DISSEMINATE "Integrated Discovery Service", which The library also networks through main roles of a library, enabling online FREE-ACCESS E-BOOKS consists of a state-of-the-art meta-search Bibliodata, CCN, COMUT and the inquiries, lending and reserves. engine to make the search experience CBIES-RJ share group, as well as being much faster and more integrated and a member of CRB-7 and CBBU. The library is also a user of the Bibliodata, complete. CCN, SCAD/BIREME and COMUT Currently BMHS has more than 84,000 cooperative networks. It is also possible to find on this website titles of books, e-publications, theses, the new FGV Libraries System, which and DVDs and 65,773 volumes of BRASILIA LIBRARY now concentrates access to all digital journals. content of the FGV Libraries System The library was created in 1979. It within a single interface. specializes in social sciences, with emphasis on administration and economics.

75 IN 2013

SET UP A PARTNERSHIP WITH THE MILITARY ENGINEERING INSTITUTE TO DESIGN NEW COURSES, INCLUDING LATO SENSU, INCORPORATING THE TECHNICAL TO THE MANAGEMENT ASPECTS OF THE COURSES RUN BY FGV

ENGAGED WITH ECONOMIC AND ECONOMIC POLICY PROBLEMS UNDER THE DIRECT GUIDANCE OF THE FGV PRESIDENT (VISIT TO JAPANESE THINK TANKS, ATTENDING THE GLOBAL ECONOMIC SYMPOSIUM IN GERMANY, ACADEMIC AND IN PARTNERSHIP WITH THE BERTELSMANN FOUNDATION TO PREPARE WORK ON THE BALANCE OF PAYMENTS BETWEEN BRAZIL AND INTEGRATION GERMANY) BUSINESS DIVISION DEVELOPED AN MBA COURSE ON PORT MANAGEMENT FOR THE BRAZILIAN NAVY, THE STUDIES FIRST OF ITS KIND IN THE COUNTRY, STARTING DIA IN JULY 2014, WITH PARTICIPATION OF THE DIVISION ANTWERP PORT AUTHORITY DENN DIRECTOR/DEAN OF LEARNING, RESEARCH AND POST-GRADUATION Antonio de Araújo Freitas Junior IN 2013 DIRECTOR Antonio Carlos Porto Gonçalves he Academic Integration Division acts as the Dean’s ESTABLISHED A RELATIONSHIP WITH MEC TO Office for Teaching, Research and Post-Graduate MEET THE DEMANDS OF THE REGULATORY T Studies at FGV, and is designed to support FGV's top AGENCIES – MEC, INEP, CAPES, CNPQ FOR FGV he mission of the Business Studies Division (FGV/ administration in the strategic vision of achieving the integrated SCHOOLS – RIO AND SÃO PAULO, TOGETHER DENN) is to support the president’s efforts in the academic management of all FGV schools. It undertakes an WITH THE INTERNATIONAL ACCREDITATION T growing development of FGV as a national and ongoing upgrade of their procedures, respecting the objectives, AGENCIES (EFMD, AMBA, AA CSB) AND THE international think tank, working to form research partnerships direction, congregation and top administration of FGV with COORDINATORS OF THE STRICTO AND LATO and cooperation with Brazilian and foreign institutions. regard to the quality of the courses, and introducing innovation SENSU UNDERGRADUATE AND POST-GRADUATE and new technologies. It also supports the schools in preparing, COURSES. PROVIDED ONGOING SUPPORT FOR revising and updating the different demands from MEC-INEP, FGV’S TOP ADMINISTRATION WITH REGARD TO CAPES, CNPq and other public bodies and international THE STRATEGIC VISION OF THE INTEGRATED accreditation agencies (EFMD, AMBA, AACSB, for example). ACADEMIC MANAGEMENT OF ALL FGV SCHOOLS The Dean’s Office for Teaching, Research and Post-graduate Studies at FGV is also responsible for the FGV Academic ATTENDED THE EXECUTIVE COMMITTEE Ombudsman, which manages the schools’ communication MEETING OF THE LATIN AMERICAN COUNCIL channels with undergraduate, Master’s and PhD students and OF MANAGEMENT SCHOOLS (CLADEA) TO teachers, in both regular and executive education. PREPARE FOR THE 2013 ANNUAL MEETING – RIO DE JANEIRO

PARTICIPATED IN THE INTERNATIONAL CONFERENCE – “BRASIL-PORTUGAL, UM OLHAR ACTUAL” [BRAZIL-PORTUGAL, TODAY’S VIEWPOINT], IN LISBON, HAVING PRESENTED THE TALK: “NEW CHALLENGES OF THE MOBILITY OF HUMAN CAPITAL”; SERVED AS PART OF THE PANEL “HOW CAN WE MAKE THE FUTURE WE WANT? “ FROM PRME/UN SUMMIT 5TH ANNUAL ASSEMBLY

77 78 IN 2013

COORDINATED THE PREPARATION OF THE FIRST WHITE PAPER ON NATIONAL DEFENSE, AT THE REQUEST OF THE MINISTRY OF DEFENSE. THE FINAL PRODUCT WAS APPROVED IN THE CENTRAL GOVERNMENT OFFICIAL GAZETTE (DOU) ON JULY 26, 2013

COORDINATED THE CONCEPT AND IMPLEMENTATION PROJECT OF THE FGV APPLIED KNOWLEDGE AND RESEARCH NETWORK, AS A SUPPORT ACTIVITY FOR THE PRESIDENT’S ADVISERS

COMPLETED THE PROCESS OF STRUCTURING THE PORTFOLIO ON FGV SCHOOL INTERNATIONAL DEVELOPMENT PROJECTS AND PROGRESS REPORT INNOVATION AFFAIRS AND STRATEGIC DIVISION PLANNING DINT DIVISION DPEI

DIRECTOR Bianor Scelza Cavalcanti DIRECTOR João Paulo Villela de Andrade he International Affairs Division at FGV (DINT) is the integrator of FGV international relations. It T was created in 2009, with a mission to catalyze the GV has been developing a systematic strategic planning value-added generator of its divisions in which it appears and monitoring process of its performance through that corporate cooperation offers greater benefits than the F this decade, which has contributed to its rapid growth. individualized performance of each unit. And among the permanently developed activities in support of FGV's president are the coordination of monitoring and In 2011, DINT founded the Latin American Center for Public planning meetings for corporate activities throughout the year. Policy, which has a mission to strengthen FGV’s position as an IN 2013 influential think tank in decisions related to public policies and The division also contributes to the preparation of strategic business strategies in Latin America and the Caribbean. HELD THE BRAZIL-PORTUGAL INTERNATIONAL management projects for public bodies of interest to FGV. CONFERENCE: A CURRENT LOOK, IN CONJUNCTION WITH THE ISCTE-IUL – PORTUGAL

PARTICIPATED IN THE ECONOMIC POLICY CHALLENGES OF EMERGING ECONOMIES SEMINAR ORGANIZED BY THE GERMAN MINISTRY OF ECONOMIC COOPERATION AND DEVELOPMENT THROUGH GESELLSCHAFT FÜR INTERNATIONALE ZUSAMMENARBEIT (GIZ)

ORGANIZED THE FIRST LATIN AMERICAN MEETING OF THINK TANKS, WITH 19 THINK TANKS FROM 13 COUNTRIES IN THE REGION, IN ADDITION TO SIX EUROPEAN AND NORTH AMERICAN INSTITUTIONS

79 80 IN 2013

UPDATED THE FGV BRAND, GIVEN THE PROSPECT OF INTERNATIONALIZING THE INSTITUTION AND ITS 70TH ANNIVERSARY COMMEMORATION

COORDINATED THE ORGANIZATION OF PUBLIC POLICY 611 EVENTS AND ADVISED ANOTHER 763, TOTALING 1,382 EVENTS. AMONG THEM, THE INAUGURATION OF THE OSCAR COMMUNICATIONS ANALYSIS NIEMEYER TOWER, THE RECEPTION OF THE KING OF SWEDEN AND THE PRODUCTION AND MARKETING DIVISION OF GOOGLE DAY MORE THAN 11,000 STUDENTS DIVISION DAPP PARTICIPATED IN THE FGV CHALLENGE — A FIRST-EVER ACTION FOR THE DICOM UNIVERSITY ENTRANCE EXAM CAMPAIGN ON FACEBOOK DIRECTOR Marco Aurélio Ruediger DIRECTOR Marcos Facó

he Public Policy Analysis Division (DAPP) is linked to the FGV president’s office and its focus is on translating he Communications and Marketing Division (DICOM) T the application of concepts and methodologies in is responsible for FGV’s institutional communication social sciences using state-of-the-art technologies, analysis and T and marketing, ensuring the soundness of the FGV transparency of information, and assessing and monitoring IN 2013 brand and acting as a facilitator in developing and implementing public policies and structural programs related to national the communications and marketing actions of the institution development. CONDUCTED STUDIES ON PUBLIC SAFETY, and its divisions, schools, centers and institutes. PUBLISHING IN THE PRESS, TV DISCUSSIONS In this way DAPP aims to assess public policies and information AND SCIENTIFIC JOURNALS, AIMING TO REACH DICOM also has the task of creating policies and processes in transparency, and monitor the political and social agenda, THE TARGET POPULATION OF PUBLIC SECURITY line with such communications and marketing activities, as well including their direct and indirect impacts. In particular, DAPP WORKERS NATIONWIDE as performing and coordinating institutional communications uses Internet information technologies and new social media in and marketing actions in publicity, press, events, freebie its relationship with State policies. CO-ORGANIZED THE INTERNATIONAL SEMINAR production and distribution, market intelligence and digital ON SCENARIOS FOR THE FUTURE OF IBERO- marketing – directed at both national and international publics. AMERICA, HELD IN PORTUGAL, AND FOR THE PARTICIPATION OF THE FGV PRESIDENT’S OFFICE IN THE CONFERENCE “GLOBAL URBAN CHALLENGES: THE ROLE OF RESEARCH UNIVERSITIES”, WHICH BROUGHT TOGETHER THE PRESIDENTS OF THE THREE TOP ACADEMIC INSTITUTIONS IN CHICAGO: UNIVERSITY OF ILLINOIS, NORTHWESTERN UNIVERSITY AND UNIVERSITY OF CHICAGO, AT THE INITIATIVE OF THE CHICAGO COUNCIL

DEVELOPED AND SUPERVISED THE “DIGITAL OFFICE” OF THE RIO GRANDE DO SUL STATE GOVERNMENT FOR AN ONLINE CHAT ON PUBLIC POLICIES WITH CIVIL SOCIETY, AND DEVELOPED THE PORTAL ON TRANSPARENCY OF THE FEDERAL BUDGET

81 82 IN 2013

HELD THE RISK REASSESSMENT SEMINAR BRAZIL 2013 IN PARTNERSHIP WITH FIRJAN, STANDARD & POOR’S AND THE NEWSPAPER IN 2013 VALOR ECONÔMICO

BUILDING WORK: TOGETHER WITH FGV PROJECTS, ORGANIZED THE WORLD ECONOMY AND BRAZIL SEMINAR INAUGURATED THE OSCAR NIEMEYER IN NEW YORK TOWER, WHICH IS PART OF THE NEW FGV BUSINESS ARCHITECTURAL COMPLEX IN THE BOTAFOGO NEIGHBORHOOD OF RIO DE JANEIRO, COOPERATION DESIGNED BY OSCAR NIEMEYER. IN THE SAME YEAR A NEW ACCESS RAMP TO FGV’S MAIN OFFICE, IN RIO DE JANEIRO, WAS COMMITTEE INAUGURATED CCE IN SÃO PAULO, FGV INAUGURATED THE ITAÚ OPERATIONS AUDITORIUM, IN THE 9 DE JULHO COMPLEX, AS WELL AS A NEW COMMON AREA FOR + DIVISION STUDENTS CENTER FOR DO INFORMATION AND COMMUNICATION TECHNOLOGY GLOBAL (TIC) ECONOMICS DIRECTOR COMPLETED ANOTHER PHASE IN THE Mario Rocha Souza UPGRADE OF THE TELECOMMUNICATIONS INFRASTRUCTURE, WHICH INCLUDES 33 NEW CEM DATA COMMUNICATION LINKS, RESULTING he Operations Division (DO) comprises the IN INCREASED TRAFFIC CAPACITY AND administrative support and service infrastructure ADDED STRENGTH TO ALL FGV UNITS – FOR T of FGV’s offices in Rio de Janeiro, São Paulo and BOTH CORPORATE APPLICATIONS AND Brasilia, consisting of the following areas: Communications ACCESS TO THE INTERNET AND TELEPHONE CCE PRESIDENT and information technology, Superintendence of Operations COMMUNICATIONS BETWEEN UNITS João Carlos de Luca and Services in Rio de Janeiro and São Paulo, Superintendence of Human Resources, Legal Department and Academic IMPLEMENTED A NEW PRICING REFERENCES CEM DIRECTOR Department in Rio de Janeiro and São Paulo. SYSTEM – CARPE DIEM PROJECT; COMPLETED Carlos Langoni THE FIRST VERSION OF THE SYSTEM THAT In 2013, the Operations Division completed important AUTOMATES CONSTRUCTION, MANAGEMENT architectural projects, as well as projects to expand and AND VALORIZATION OF THE DNIT PROJECT GV, accompanying the in-depth process of change improve the telecommunications infrastructure at FGV, in COMPOSITIONS; BEGAN A PROJECT FOR A NEW in international economics, established the Business response to needs identified by FGV. SURVEY SYSTEM FOR THE BRAZILIAN INSTITUTE F Cooperation Committee (CCE) in January 1990. OF ECONOMICS The Committee brings together representatives of the private BEGAN PUTTING IN PLACE THE NEW VERSION sector, through the FGV Center for Global Economics (CEM), OF THE ACADEMIC MANAGEMENT SYSTEM to encourage the study and debate of different issues related to (SIGA2) Brazil’s competitive integration in a new foreign environment, building FGV’s excellence as a think tank. COMPLETED A PROJECT THAT GENERATES DIGITAL FILES, IN ORDER TO COMPLY WITH ACCOUNTING AND TAX REGULATIONS FOR THE YEARS LEADING UP TO 2013

DELIVERED THE FIRST STAGE OF THE ACADEMIC BI PROJECT, INCLUDING 17 PROGRAMS – AMONG THEM, MBA, POST-MBA, GLOBAL EXECUTIVE, AND FGV BUSINESS AND CORPORATE UNIVERSITY PROGRAMS

83 84 IN 2013

CONDUCTED 53 ARBITRATION PROCEDURES

REQUESTS WERE MADE FOR 22 ARBITRATION PROCEDURES AND 44 HEARINGS WERE ORGANIZED

TWENTY-FOUR OF THE 44 HEARINGS ORGANIZED BY THE FGV CHAMBER WERE SCHEDULED FOR SÃO PAULO, 17 FOR RIO DE JANEIRO, TWO FOR BELO HORIZONTE AND ONE FOR BRASILIA CHAMBER OF CONCILIATION AND FGV ARBITRATION ENERGY

DIRECTOR Julian Chacel DIRECTOR Carlos Otavio Vasconcellos Quintella aking into consideration the importance of the issue of arbitration, since it is understood to be a service GV Energy is a study center linked to the FGV T provided for the country and in line with its history, president’s office, created in 2013 to produce, promote vocation and mission, FGV set up the Chamber of Conciliation Fand disseminate research and know-how in the field of and Arbitration in 2002. energy. The idea is to structure FGV's strategic positioning in the energy area to strengthen its recognition and work in the By setting up a Permanent Body of Conciliators and Arbiters sector. (consisting of distinguished figures in the field of law, experienced lawyers and highly skilled professionals in a broad The focus of FGV Energy is the energy sector, with emphasis spectrum of topics ranging from civil engineering to foreign on seven major areas: oil, natural gas, electric power, nuclear trade, telecommunications, oil and natural gas, as well as FGV energy, biofuels, renewable sources, and energy efficiency. In this professors), its mission is to administer and monitor arbitral way FGV Energy helps private companies and the government procedures, guaranteeing that all stages and deadlines are met in their decision-making and in setting up partnerships with as determined by law. other institutions and research centers at home and abroad. FGV's Chamber of Arbitration and Conciliation is chaired by the FGV president, helped in his duties by two vice-presidents from the institution’s Executive Board. A legal director and an executive-director complete the Chamber.

85 86 ABOUT FGV

7 70YEARS higher education institutions that train SOUTH REGION BOARD OF DEANS DIVISIONS AND ABOUT the most sought-after professionals Balneário Camboriú / Blumenau / TRUSTEES SUPPORT AREAS worldwide according to the “Emerging Cascavel / Caxias Do Sul / Chapecó / Flavio Vasconcelos Employability University Ranking”, Criciúma / Curitiba / Florianópolis / Foz EBAPE FGV announced by the global version of The Do Iguaçu / Jaraguá Do Sul / Joaçaba / President Brazilian School of Public and Business Antonio de Araújo Freitas New York Times. Here FGV rose two Joinville / Lages / Londrina / Maringá / Carlos Alberto Lenz César Protásio Administration Academic Integration places to rank first in Brazil and Latin Novo Hamburgo / Passo Fundo / Pelotas Rio de Janeiro America, and ahead of the traditionally / Porto Alegre / Santa Cruz Do Sul / Vice-president Antonio Carlos Porto Gonçalves high-ranked Sciences Po and Pittsburgh. Santa Maria João Alfredo Dias Lins (Klabin Irmãos Maria Tereza Leme Fleury Business Studies & Cia.) EAESP Moreover, FGV was the top Brazilian São Paulo School of Business Bianor Scelza Cavalcanti institution in the first year of the Alma MEMBERS Administration International Affairs Mater Index: Global Executives, FIRST PRESIDENT AND FOUNDER Alexandre Koch Torres de Assis São Paulo compiled by the British journal Times Luiz Simões Lopes Angelica Moreira da Silva (Brazilian Marieta de Moraes Ferreira Higher Education (THE), which lists Bank Federation) Joaquim Falcão FGV Press the top 100 institutions for training Antonio Alberto Gouveia Vieira DIREITO RIO Libraries System executive directors. FGV, first in Brazil PRESIDENT Carlos Moacyr Gomes de Almeida Rio de Janeiro Law School and 35th in the world, was ahead of the Carlos Ivan Simonsen Leal Andrea Martini (Souza Cruz S/A) Rio de Janeiro João Paulo Villela de Andrade Universities of Princeton and Cambridge, Eduardo M. Krieger Strategic Planning and Innovation for example. State of Rio Grande do Sul Oscar Vilhena Vieira VICE-PRESIDENTS Heitor Chagas de Oliveira DIREITO SP Marco Aurélio Ruediger Francisco Oswaldo Neves Dornelles (State of Bahia) São Paulo Law School Public Policy Analysis (on leave) Joaquim Levy São Paulo Through a partnership with the Institute Marcos Cintra Cavalcanti de Luiz Chor Marcos Facó for Educational Development (IDE), Albuquerque Marcelo Serfaty Rubens Penha Cysne Communications and Marketing FGV is present in more than 100 cities in Sergio Franklin Quintella Marcio João de Andrade Fortes EPGE Brazil, besides Rio de Janeiro, São Paulo Pedro Henrique Mariani Bittencourt Brazilian School of Economics and Mario Rocha Souza n 1944 FGV was created to and Brasilia. (Banco BBM S.A) Finance Operations train professionals for public Orlando dos Santos Marques (Publicis Rio de Janeiro I administration and management NORTH REGION BOARD OF Brasil Comunicação Ltda) Carlos Langoni of strategic sectors in Brazil. A decree Altamira / Belém / Macapá / Manaus / Raul Calfat Yoshiaki Nakano Director of Center for Global law signed by President Getulio Palmas / Paragominas / Parauapebas / DIRECTORS (Votorantim Participações S.A) EESP Economics Vargas authorized the Administrative Porto Velho / Rio Branco / Santarém / Leonardo André Paixão (IRB-Brasil São Paulo School of Economics Department of Public Service (DASP) to MEMBERS Resseguros S.A) São Paulo Carlos Otávio Vasconcellos Quintella set up the entity, which was also to be NORTHEAST REGION Armando Klabin Ronaldo Vilela (Syndicate of Private FGV Energy designed to maintain research centers, Aracaju / Feira De Santana / Fortaleza Carlos Alberto Pires de Carvalho e Insurance Companies, Supplementary Celso Castro a learning establishment and services Imperatriz / João Pessoa / Luis Eduardo Albuquerque Pensions and Capitalization in the CPDOC João Carlos de Luca required for accomplishing its mission. Magalhaes / Maceió / Natal / Recife / Cristiano Buarque Franco Neto states of Rio de Janeiro and Espírito School of Social Sciences Director of Business Cooperation Salvador / São Luís / Teresina / Vitória Ernane Galvêas Santo) Rio de Janeiro/São Paulo Committee Since then, FGV has done its utmost to Da Conquista José Luiz Miranda Sandoval Carneiro Junior fulfill its duty during these 70 years, and Lindolpho de Carvalho Dias Maria Izabel Camacho Julian Chacel has made 70 years of contributions to SOUTHEAST REGION Marcílio Marques Moreira SUBSTITUTES EMAp Chamber of Conciliation and the social and economic development Americana / Aracatuba / Arcos / Barueri Roberto Paulo Cezar de Andrade Cesar Camacho School of Applied Mathematics Arbitration of Brazil. During this time FGV also / Bauru / Belo Horizonte / Betim / José Carlos Schmidt Murta Ribeiro Rio de Janeiro established itself as a think tank of Campinas / Campos Dos Goytacazes SUBSTITUTES Luiz Ildefonso Simões Lopes Ocário Silva Defaveri international repute, doing outstanding / Contagem / Divinópolis / Duque De Aldo Floris (Brookfield Brasil Ltda) DIRECTORS Controller work in cooperative projects with many Caxias / Franca / Governador Valadares Antonio Monteiro de Castro Filho Luiz Roberto Nascimento Silva world nations. / Guarulhos / Juiz De Fora / Jundiaí / Ary Oswaldo Mattos Filho Manoel Fernando Thompson Motta Limeira / Macaé / Marília / Mogi Das Eduardo Baptista Vianna Filho Luiz Guilherme Schymura In 2013, FGV was, for the fifth year Cruzes / Montes Claros / Niterói / Gilberto Duarte Prado Nilson Teixeira (Banco de IBRE running, one of the world’s top 30 think Osasco / Patos De Minas / Petrópolis / Jacob Palis Junior Investimentos Crédit Suisse S.A) Brazilian Institute of Economics tanks according to the Global Go To Piracicaba / Poços De Caldas José Ermírio de Moraes Neto Olavo Monteiro de Carvalho (Monteiro Think Tanks Rankings 2013 produced Pouso Alegre / Presidente Prudente / Marcelo José Basílio de Souza Marinho Aranha Participações S.A) Rubens Mario Alberto Wachholz by the University of Pennsylvania. That Resende / Ribeirão Preto / Rio Claro Mauricio Matos Peixoto Patrick de Larragoiti Lucas (Sul IDE year FGV climbed three positions to / Santo André / Santos / São Caetano América Companhia Nacional de Institute for Educational Development rank 21st among the world’s think tanks Do Sul / Sao Jose Do Rio Preto / São Seguros) (including those in the USA), in addition José Dos Campos / Sorocaba / Taubaté Clóvis Torres (VALE S.A.) Technical Assistance to being considered the top think tank in / Teófilo Otoni / Uberaba / Uberlândia Rui Barreto Cesar Cunha Campos Central and South America. / Varginha / Vitória / Volta Redonda / Sergio Lins Andrade FGV Projects Votuporanga / Midwest Region / Campo Victorio Carlos De Marchi Also in 2013, for the third year Grande / Cuiabá / Goiânia / Niquelândia running FGV was among the 100 / Rio Verde

91 92 EDIFÍCIO ÂNCORA EDIFÍCIO CASA VERDE EDIFÍCIO KARL A. BOEDECKER Praia de Botafogo, 210 Cobertura 2 Rua Silvia, 23, Offices 05/10 & 12 - Av. 9 de Julho, 2029—Bela Vista Phone: +55 (21) 3799-6100 Bela Vista CEP: 01313-902 CEP: 01331-010 Phone: +55 (11) 3799-7777 / 7700 • FGV Energy Phone: +55 (11) 3253-3365 / 3552 E-mail: [email protected] E-mail: [email protected] • Karl A. Boedecker Library • Office of São Paulo Law School SÃO PAULO EDIFÍCIO FARIA LIMA EDIFÍCIO BARÃO DE CRISTINA EDIFÍCIO JOHN F. KENNEDY Av. Brigadeiro Faria Lima, 1188— ADDRESSES Pinheiros Av. 9 de Julho, 2029—Bela Vista (access Av. Paulista, 1471, Andar/Floor 1 - CEP: 01451-001 also by Rua Itapeva, 432) Bela Vista Phone: +55 (11) 3799-3455 CEP: 01313-902 CEP: 01311-927 Phone: +55 (11) 3799-7777 / 7700 Phone: +55 (11) 3799-3638 • FGV Management

• EAESP — São Paulo School of • CPDOC Business Administration (Courses) • Journal editorial: RAE—Revista de EDIFÍCIO ELUMA • PEC - FGV – Continuing Education Administração de Empresas e GV Program Executivo Av. Paulista, 1294 • FGV Online • GV Agro—FGV Agribusiness Center CEP: 01310-915 • FGV Corporate • FGV Projects EDIFÍCIO CONDOMÍNIO NAÇÕES • Phone: +55 (11) 3799-4170 EDIFÍCIO PROFESSOR REMO UNIDAS RIO DE JANEIRO EDIFÍCIO PROFESSOR EUGÊNIO EDIFÍCIO DARKE RINALDI NADDEO • Communications and GUDIN FILHO Cond. Nações Unidas Marketing Division Avenida Treze de Maio, 23—Centro Rua Itapeva, 474—Bela Vista Av. das Nações Unidas, 12.495 - anexo • Phone: +55 (11) 3799-4251 EDIFÍCIO LUIZ SIMÕES LOPES Rua Barão de Itambi, 60—Botafogo CEP: 20031-000 CEP: 01332-000 01 ( Andares/Floors 0, 1 & 2) (MAIN OFFICE) CEP: 22231-000 Phone: +55 (21) 3799-4688 Phone: +55 (11) 3799-7630 CEP: 04578-000 Phone: +55 (21) 3799-6996 E-mail: [email protected] Phone: +55 (11) 3799-3455 Praia de Botafogo, 190 • FGV Projects CEP: 22250-900 • FGV Management • IBRE – Brazilian Institute of • EESP — São Paulo School of • FGV Management BRASILIA Phone: +55 (21) 3799-5938 • FGV Corporate Economics Economics (Courses) • PEC FGV – Continuing Education • IBRE — Brazilian Institute of Program SGAN (Setor de Grandes Áreas Norte), • EBAPE – Brazilian School of Public Economics Quadra 602, módulos A, B & C and Business Administration • Operations Division EDIFÍCIO OCTÁVIO GOUVÊA DE EDIFÍCIO DONA LEOPOLDINA CEP: 70830-020 • EPGE – Brazilian School of BULHÕES EDIFÍCIO DR. LUIZ SIMÕES Phone: +55 (61) 3799-8000 Economics and Finance FGV PRESS Rua Rocha, 233—Bela Vista LOPES E-mail: [email protected] • FGV Direito Rio – Rio de Janeiro Rua da Candelária, 6—Centro CEP: 01330-000 Law School Rua Jornalista Orlando Dantas, CEP: 20091-020 Phone: +55 (11) 3799-2222 / 2233 Avenida Paulista, 548, 8º Andar—Bela • FGV Management • CPDOC – School of Social Sciences 37—Botafogo Phone: +55 (21) 3799-5030 E-mail: [email protected] Vista • FGV Corporate • FGV Projects CEP: 22231-010 CEP: 01310-000 • FGV Online • Mario Henrique Simonsen Library Phone: 0800-021-7777 • FGV Management • DIREITO SP — São Paulo Law Phone: +55 (11) 3799-4170 / 3455 • EMAp – School of Applied • FGV Online School E-mail: fgvprojetos@fgv. Mathematics • Short Courses Program (Cademp) br / [email protected] • Academic Integration Division CENTRO EMPRESARIAL • FGV Rio de Janeiro Law School • Business Studies Division AMÉRICAS – Continuing Education Program EDIFÍCIO ALALOU • FGV Projects • International Affairs Division (PEC) • FGV Management • Strategic Planning and Innovation Avenida das Américas, 3693 Bloco 2, Rua Rocha, 220—Bela Vista Division 2º andar—Parque das Rosas—Barra da CEP: 01330-000 • Communications and Marketing Tijuca EDIFÍCIO ARGENTINA Phone: +55 (11) 3799-2240 Division CEP: 22631-003 E-mail: [email protected] Phone: +55 (21) 3799-4800 Praia de Botafogo, 228 – Bloco B E-mail: [email protected] Sala/Office 910 • GVlaw — São Paulo Law School CEP: 22250-906 Lato Sensu Post-graduate Program • FGV Management Phone: +55 (21) 3799-4305 • Short Courses Program (Cademp) • Public Policy Analysis Division

93 94 BALANCE SHEET ECONOMIC BALANCE SHEET (IN R$) (IN R$)

ASSETS 2013 2012 REVENUE 2013 2012

CURRENT ASSETS 691,689,537.73 655,487,699.53 ASSET REVENUES 43,416,615.18 13,589,373.79

AVAILABLE 632,143,439.87 608,664,424.91 OPERATING REVENUES 921,702,849.19 847,369,562.86

ACCOUNTS RECEIVABLE 25,117,281.35 20,939,350.81 OTHER REVENUES 59,812,679.74 37,138,499.18

OTHER CURRENT ASSETS 30,413,249.86 21,828,848.76 TOTAL R$ 1,024,932,144.11 898,094,935.83

INVENTORIES 4,015,566.65 4,055,045.05 TOTAL $ 437,519,057.50 439,489,814.45

NON CURRENT ASSETS 594,738,991.14 463,633,936.93 EXPENDITURE 2013 2012 INVESTMENTS 34,483,254.02 33,218,512.21 COSTS AND EXPENSES 976,484,655.71 872,729,122.77 (PERSONAL, CHARGES, SUPPLIERS, OTHER COSTS AND EXPENSES) LONG-TERM RECEIVABLES 84,657,016.65 76,471,244.73 TOTAL R$ 976,484,655.71 872,729,122.77 PROPERTY AND EQUIPEMENT 475,598,720.87 353,944,179.99 TOTAL $ 416,837,981.60 427,075,665.66 TOTAL R$ 1,286,428,528.87 1,119,121,606.46 BALANCE R$ 48,447,488.40 25,368,313.06 TOTAL $ 549,145,619.77 547,649,428.17 BALANCE $ 20,681,075.90 12,414,148.79

US$ 1.00 (com - 31/12) = R$ 2.3426 R$ 2.0435 LIABILITIES 2013 2012

CURRENT LIABILITIES 125,462,866.64 111,138,010.20

NON-CURRENT LIABILITIES 138,453,327.74 107,784,532.79

FUNDS 974,064,846.34 874,830,750.41

INCOME OR LOSS 48,447,488.40 25,368,313.06

TOTAL R$ 1,286,428,528.87 1,119,121,606.46

TOTAL $ 549,145,619.77 547,649,428.17

US$ 1.00 (com - 31/12) = R$ 2.3426 R$ 2.0435

95 96 FUNDAÇÃO GETULIO VARGAS PRAIA DE BOTAFOGO 190 22250-900 RIO DE JANEIRO, RJ BRAZIL 55 21 3799-4747

PRODUCTION CREDITS: DESIGN: ORB LLC CREATIVE DIRECTION: ANDRÉS CLERICI / ORB GRAPHIC DESIGN: SEAN CALLEN / ORB COORDINATIONS AND CONCEPT: FGV’S COMMUNICATIONS AND MARKETING DIVISION COMMUNICATIONS AND MARKETING DIRECTOR: MARCOS FACÓ COMMUNICATIONS AND MARKETING COORDINATOR: GISELE COSTA FREITAS ENGLISH TRANSLATION, ENGLISH EDITING AND REVISION: ELVYN MARSHALL 2013 ANNUAL REPORT