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Economic Liberalization and Industrial Performance In Brazil

Online ISBN:
9781383018905
Print ISBN:
9780198296126
Publisher:
Oxford University Press
Book

Economic Liberalization and Industrial Performance In Brazil

Published online:
31 October 2023
Published in print:
10 August 2000
Online ISBN:
9781383018905
Print ISBN:
9780198296126
Publisher:
Oxford University Press

Abstract

In the past ten years the Brazilian economy has experience an unprecedented wave of market liberalization as import substitution has been progressively abandoned in favour of integration into the global economy. Trade barriers have fallen, privatizations have been implemented, and government procurement has been cut back. Although these policy shifts will be familiar to many, their implications in terms of performance may not. Using a comprehensive array of primary and secondary sources and in-depth company case studies, this book examines how one vitally important Brazilian industrial sector-the non-serial capital goods sector-coped with the onset of liberalization. While liberalization undoubtedly helped to promote greater efficiency in some areas of corporate performance, the impact elsewhere was far less favourable. This differentiated response raises some interesting and troubling theoretical and policy issues.

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