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Contemporary industrial policy and challenges to South America and Brazil

Author

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  • Carlos Aguiar de Medeiros
  • Esther Majerowicz

Abstract

We seek to identify the major vectors reconfiguring contemporary industrial policyin the US and the European Union to inform policymaking in South America and Brazilgiven their specific challenges to economic development. We stress two main vectors, nationalsecurity and environmental concerns, which have unleashed a tendency toward the nationalizationor regionalization of supply chains through import substitution. They have also been grounding industrial policy on comprehensive planning embracing several sectors andactivities. The essential question for South America and Brazil is to combine these concernsdeparting from a reality underpinned by deindustrialization, environmental degradation (deforestation),and social marginalization. JEL Classification: L50; O14; O38; P11; F13.

Suggested Citation

  • Carlos Aguiar de Medeiros & Esther Majerowicz, 2025. "Contemporary industrial policy and challenges to South America and Brazil," Brazilian Journal of Political Economy, Center of Political Economy, vol. 45(1), pages 126-143.
    • Handle: RePEc:ekm:repojs:v:45:y:2025:i:1:p:126-143:id:2494
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/2494/2424
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    More about this item

    Keywords

    Industrial policy; national security; green industrial policy; import substitution; planning; United States of America; European Union; South America;
    All these keywords.

    JEL classification:

    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy
    • P11 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Planning, Coordination, and Reform
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations

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