The Geography of Brazilian External Trade: Right Option for a BRIC?

Renato Baumann

Oficina de la CEPAL en Brasilia (Estudios e Investigaciones) from Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL)

Abstract: Words can make a difference sometimes.Brazil is – together with the other ´BRIC´- a large economy, with an increasingly high profile in the international scenario. Large domestic market makes it more likely to obtain ‘growth-led exports’ rather than ‘export-led growth’, which implies a pro-active role in international relations. The option for intensifying regional trade links is a reasonable one and perhaps even inevitable, taking into account the experience elsewhere, but the actual regional conditions raise a number of questions that have to do both with further empirical assessment and to more specific identification of expectations with regard to probable achievements. This article has shown that the road to reach significant progress in this direction is not flat and requires more clear signalling to economic agents, strong political will and a good deal of specific measures. But it has also suggested that it might provide positive results.

Date: 2009-02
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Persistent link: https://EconPapers.repec.org/RePEc:ecr:col127:37922

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