UNU-WIDER Brazil’s Growth Performance: Achievements and Prospects
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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