 BrazilChapter 3 in Industrialization, Trade and Market Failures, 1995, pp 87-132 from Palgrave Macmillan Abstract: Abstract Unlike Korea’s, Brazil’s centenarian industrialization has produced mixed results. On the plus side, it has led to an exceptional growth record, which until the 1980s compared favourably with most LDCs (Table 1). It has also produced a large and diversified manufacturing sector, whose value-added ranked seventh in the world in 1988; and whose export performance over 1965–80, reached East Asian standards. Yet, on the minus side, industrialization was accompanied by rising inflation, by the build-up of the external debt and by the worsening of the income distribution (Table 1). By 1980, the signs of serious resource misallocation were all too obvious, with 35.4% of the economically active population estimated to be under-employed.186 The indicators of productivity and technological activity do not point to an encouraging performance either, with Brazil lagging behind countries like Korea and Mexico. To complete the picture, in the 1980s, output and manufactured export growth fell sharply to well below the LDC average. Keywords: Market Failure; Capital Good; Foreign Capital; Heavy Industry; Export Performance (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23698-5_4 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-23698-5_4 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
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