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

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  • Mesquita Moreira, Mauricio
  • Frischtack, Claudio

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.

Suggested Citation

  • Mesquita Moreira, Mauricio & Frischtack, Claudio, 2014. "Where is Brazil going? Taking stock of recent trends in industrial and trade policies and the challenges ahead," MPRA Paper 59737, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:59737
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    File URL: https://mpra.ub.uni-muenchen.de/59737/1/MPRA_paper_59737.pdf
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    References listed on IDEAS

    as
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    3. marta dos reis castilho & Ana Urraca Ruiz & Michele Melo, 2011. "Evoluçãoda proteção efetiva no Brasil, 2000-2005," Anais do XXXVII Encontro Nacional de Economia [Proceedings of the 37th Brazilian Economics Meeting] 113, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
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    5. Luzio, Eduardo & Greenstein, Shane, 1995. "Measuring the Performance of a Protected Infant Industry: The Case of Brazilian Microcomputers," The Review of Economics and Statistics, MIT Press, vol. 77(4), pages 622-633, November.
    6. Kahn, Theodore & Molina, Danielken & Ramizo, Dorothea & Pasadilla, Gloria & Burmeister, Luca & Mesquita Moreira, Mauricio & Wignaraja, Ganeshan, 2012. "Shaping the Future of the Asia-Latin America and the Caribbean Relationship," IDB Publications (Books), Inter-American Development Bank, number 389, December.
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    More about this item

    Keywords

    Brazil; Trade Policy; Industrial Policy; Latin America;
    All these keywords.

    JEL classification:

    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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