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International competitiveness and export performance: The case of Brazil

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  • Dippl, Martin

Abstract

At the end of 1982 Brazil was close to declare its international insolvency. After Mexico stopped to repay its external debt in autumn of that year the commercial banks confidence also in Brazil's creditworthiness declined rapidly. Within not quite a decade the country's external debt had increased from US-$ 12.7 billions in 1973 to US-$ 70.7 billions in 1982 while debt services which amounted to 42.3 p.c. of total export earnings in 1975 rose to 70.8 p.c. in 1982 . In December 1982 the Brazilian government had to start negotiations with the IMF and up to 1984 seven adjustment arrangements were approved - but none of them was actually met. Meanwhile Brazil has become increasingly reluctant to accept the well-known IMF-cure and tries to achieve a rescheduling of its debt through direct negotiations with the commercial banks.

Suggested Citation

  • Dippl, Martin, 1986. "International competitiveness and export performance: The case of Brazil," Kiel Working Papers 255, Kiel Institute for the World Economy (IfW Kiel).
  • Handle: RePEc:zbw:ifwkwp:255
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    References listed on IDEAS

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    1. Balassa, Bela, 1979. "Incentive policies in Brazil," World Development, Elsevier, vol. 7(11-12), pages 1023-1042.
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    Cited by:

    1. Nunnenkamp, Peter & Fasano-Filho, Ugo, 1986. "Manufactured export performance of Brazil: analysis of determinants and prospects," Kiel Working Papers 269, Kiel Institute for the World Economy (IfW Kiel).
    2. Fasano-Filho, Ugo, 1987. "On the determinants of Brazil's manufactured exports: an empir. analysis," Open Access Publications from Kiel Institute for the World Economy 1118, Kiel Institute for the World Economy (IfW Kiel).

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