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Reindustrialization in the sustainable development convention

Author

Listed:
  • Carmem Feijó
  • Fernanda Feil
  • Fernando Amorim Teixeira

Abstract

This article assumes the importance of the manufacturing industry to long-termgrowth and examines Brazil’s deindustrialization process since its economic opening. Themanufacturing sector’s recovery is analyzed in light of the proposal to reindustrialize theeconomy in the ongoing global climate emergency. In line with the new-developmentalist literature,reindustrialization implies widening policy space to recover public and private investmentin productive assets, providing financial conditions compatible with long-term returns.It assumes an active role in state intervention. In this sense, the New Brazilian Industry industrial policy should anchor long-term expectations to enhance productive investmentcommitted to the green transition. This approach positions industrial policy as the anchor tobuild a sustainable development convention. JEL Classification: O14; O11; F43; E44.

Suggested Citation

  • Carmem Feijó & Fernanda Feil & Fernando Amorim Teixeira, 2024. "Reindustrialization in the sustainable development convention," Brazilian Journal of Political Economy, Center of Political Economy, vol. 44(4), pages 620-636.
    • Handle: RePEc:ekm:repojs:v:44:y:2024:i:4:p:620-636:id:2474
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    More about this item

    Keywords

    Deindustrialization; reindustrialization; industrial policy; sustainable development convention; green sustainable transition;
    All these keywords.

    JEL classification:

    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy

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