Munich Personal RePEc Archive

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

Mesquita Moreira, Mauricio and Frischtack, Claudio (2014): Where is Brazil going? Taking stock of recent trends in industrial and trade policies and the challenges ahead.

[img]
Preview
PDF
MPRA_paper_59737.pdf

Download (317kB) | Preview

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.

UB_LMU-Logo
MPRA is a RePEc service hosted by
the Munich University Library in Germany.