Presalt Oil Discoveries and the Long-Term Development of Brazil

Pablo Fajnzylber (), Daniel Lederman and Julia Oliver ()
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Pablo Fajnzylber: World Bank
Julia Oliver: World Bank

World Bank - Economic Premise, 2013, issue 113, 1-4

Abstract: Newly discovered oil reserves off the coast of Brazil present a unique opportunity for the country to boost an already successful trajectory of growth and development. This note examines potential choices for the government when it contemplates how to disburse this newfound wealth. This review suggests that Brazil would be well served by saving a large amount of the windfall, ensuring that the country’s increased wealth reaches the poor, putting in place strong fiscal planning to guide efficient investment, and building the country’s research and development capacity.

JEL-codes: E2 E6 H5 H6 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:prmecp:ep113

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