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Brazil’s Growth Performance: Achievements and Prospects

This paper reviews Brazil’s growth performance over the last quarter of a century and discusses the main determinants of a pick-up in growth since the mid-1990s. Emphasis is placed on the policy pay-offs associated with a consolidation of macroeconomic adjustment, which is a pre-condition for sustained growth. Structural reform based on a liberalization of the county’s trade and investment regimes have also generated productivity gains that have supported growth. The paper also discusses a number of policy challenges that will need to be addressed in the coming years to ensure that high growth can sustained over the longer term.
Publisher:
UNU-WIDER
Series:
WIDER Research Paper
Volume:
2009/55
Title:
Brazil’s Growth Performance: Achievements and Prospects
Authors:
Luiz de Mello
Publication date:
November 2009
ISSN Web:
1810-2611
ISBN 13 Web:
9789292302344
Copyright holder:
© UNU-WIDER
Copyright year:
2009
Keywords:
Brazil, growth, structural reform
JEL:
O10, O20, O54
Project:
Country Role Models for Development Success
Sponsor:
UNU-WIDER gratefully acknowledges the financial contributions to the project by the Finnish Ministry for Foreign Affairs, and the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Finnish Ministry for Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
Format:
online
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