Competitiveness and Growth in Brazil

136 Pages Posted: 19 Apr 2011

See all articles by Juan Blyde

Juan Blyde

Inter-American Development Bank (IDB)

Armando Castelar Pinneiro

affiliation not provided to SSRN

Christian Daude

Inter-American Development Bank (IADB)

Eduardo Fernandez-Arias

Inter-American Development Bank (IDB)

Date Written: March 2010

Abstract

In the first eight decades of the XX century, Brazil ranked among the countries with highest growth rates in the world. During the period 1930-80, in particular, it managed to reduce its per capita income gap vis-à-vis industrialized economies and seemed poised to escape underdevelopment early in this century. However, this dream never materialized; Brazil’s growth performance deteriorated sharply over the following quarter century, never fully recovering from the second oil shock and the foreign debt crisis. In this period Brazil experienced much lower and more volatile growth, with its long-term annual growth rate (ten-year moving average) fluctuating in the 2% to 3% range, well below the 6% to 10% range that prevailed in 1950-80. Brazil reacted by embarking on reforms, from trade liberalization to changes in fiscal and social policies. Policies improved, especially after price stabilization, in 1994, and, if anything, have been better than through most the high growth period, but apparently to no avail. Something happened in this later period that prevented Brazil from regaining the rapid growth that it had exhibited previously. What might it have been?

Suggested Citation

Blyde, Juan and Pinneiro, Armando Castelar and Daude, Christian and Fernandez-Arias, Eduardo, Competitiveness and Growth in Brazil (March 2010). IDB Working Paper No. 14, Available at SSRN: https://ssrn.com/abstract=1814686 or http://dx.doi.org/10.2139/ssrn.1814686

Juan Blyde

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

Armando Castelar Pinneiro

affiliation not provided to SSRN

No Address Available

Christian Daude

Inter-American Development Bank (IADB) ( email )

1300 New York Avenue NW
Washington, DC 20577
United States

Eduardo Fernandez-Arias (Contact Author)

Inter-American Development Bank (IDB) ( email )

1300 New York Avenue, NW
Research Department
Washington, DC 20577
United States
202-623-3783 (Phone)
202-623-2481 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
68
Abstract Views
556
rank
368,002
PlumX Metrics