The curious case of Brazil's closedness to trade

Otaviano Canuto, Cornelius Fleischhaker and Philip Schellekens

No 7228, Policy Research Working Paper Series from The World Bank

Abstract: Although Brazil has become one of the largest economies in the world, it remains among the most closed economies as measured by the share of exports and imports in gross domestic product. This feature cannot be explained simply by the size of Brazil's economy. Rather, it is due to an economic structure reliant on domestic value chain integration as opposed to participation in global production networking. It also reflects more generally an export base that shows lack of dynamism. Opening up and moving toward integration into global value chains could produce efficiency gains and help Brazil address its productivity and competitiveness challenges.

Keywords: Economic Theory&Research; Trade Law; Trade Policy; Free Trade; Emerging Markets (search for similar items in EconPapers)
Date: 2015-04-02
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (3)

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