Where is Brazil going? Taking stock of recent trends in industrial and trade policies and the challenges ahead

Mauricio Moreira and Claudio Frischtack

MPRA Paper from University Library of Munich, Germany

Abstract: Brazil’s trade and industrial policies in the last decade has taken an increasingly sharp turn towards boosting and protecting the local manufacturing industry, particular after the 2008 financial crisis. This paper reviews these policies and their initial results and argues that, while they have brought some short-term relief, they have done so at the cost of undermining the fundamentals of long-term growth. The country’s recent lackluster economic performance—an unfortunate combination of high inflation, low growth, and a deteriorating current account deficit seem to confirm this view.

Keywords: Brazil; Trade Policy; Industrial Policy; Latin America (search for similar items in EconPapers)
JEL-codes: O2 O24 O25 O5 O54 (search for similar items in EconPapers)
Date: 2014-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:59737

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