The Brazilian Economy: Confronting Structural Challenges

by Edmund Amann

Overview

The Brazilian economy has long been defined by its enormous potential. Over the past 30 years, some of this has at last been realised. Latin America’s largest economy has rapidly risen in global importance while poverty at home has declined. Yet, despite periods of progress, Brazil remains prone to economic crisis. It is also beset with stubborn inefficiencies and income disparities. This book considers the structural challenges which will need to be overcome if Brazil is to break with the past and finally embark on a path of sustained, inclusive growth.

This book aims to give the reader a clear knowledge of the nature of these structural challenges, why they exist and the effectiveness of attempts to overcome them. Through this, readers will gain a deep understanding of the contemporary Brazilian economy. The challenges discussed fall into three areas: those centring on competitiveness and the supply side, those arising from critical macroeconomic issues and those connected with environmental sustainability and social inclusion. This volume systematically examines each of these domains, highlighting such vital topics as export competitiveness, human capital formation, environmental policy and the role of financial market reform. Where appropriate, this book sets Brazil’s experience in an international comparative context. It points out that many of the challenges faced by Brazil are shared by other emerging economies. In this sense, the policy lessons which stem from this volume have broader international relevance.

This book will be vital reading for all those seeking in-depth understanding of one of the world’s most important, yet troubled, economies. This readership is likely to include undergraduate and postgraduate students on development economics and Latin American area studies programmes, policymakers wanting an up-to-date and coherent analysis of Latin America’s largest economy, and financial professionals.

Product Details

ISBN-13:	9780367245016
Publisher:	Taylor & Francis
Publication date:	11/20/2020
Pages:	236
Product dimensions:	6.12(w) x 9.19(h) x (d)

About the Author

Edmund Amann is Professor of Brazilian Studies at Leiden University and Adjunct Professor, School of Advanced International Studies, Johns Hopkins University.

Table of Contents

List of figures vi

List of tables vii

1 Introduction - frustrated potential: Brazil's economic performance in the long term 1

2 Public policy, competitiveness and the evolution of Brazil's place in the international division of labour 28

3 Education, skills and human capital 76

4 State-business relations 96

5 Fiscal policy challenges 120

6 Unlocking investment: monetary policy, the financial sector and the challenge of efficient intermediation 141

7 Securing inclusive growth and tackling poverty: beyond Bolsa Familía 163

8 Environmental, considerations 185

9 Conclusions - towards a more promising future 201

Bibliography 209

Index 219