Contemporary industrial policy and challenges to South America and Brazil

Carlos Aguiar de Medeiros () and Esther Majerowicz ()

Brazilian Journal of Political Economy, 2025, vol. 45, issue 1, 126-143

Abstract: We seek to identify the major vectors reconfiguring contemporary industrial policyin the US and the European Union to inform policymaking in South America and Brazilgiven their specific challenges to economic development. We stress two main vectors, nationalsecurity and environmental concerns, which have unleashed a tendency toward the nationalizationor regionalization of supply chains through import substitution. They have also been grounding industrial policy on comprehensive planning embracing several sectors andactivities. The essential question for South America and Brazil is to combine these concernsdeparting from a reality underpinned by deindustrialization, environmental degradation (deforestation),and social marginalization. JEL Classification: L50; O14; O38; P11; F13.

Keywords: Industrial policy; national security; green industrial policy; import substitution; planning; United States of America; European Union; South America (search for similar items in EconPapers)
Date: 2025
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