Industrial policy in Brazila framework

Resumo

The arguments of this paper suggest that Brazil should emphasize general or horizontal policies rather than vertical or sectorial policies in the current stage of economic development. Horizontal policies are more consistent with the general perspective on the economy of the Plano Real, with its emphasis on a market economy and the role of the authorities being to create the institutional framework and necessary physical infrastructure.They are also more consistent with Brazil's international obligations under the GATT and Mercosul. The key horizontal policies, apart from the pressing need to address problems of infrastructure (especially transport), are in the areas of competition and regulation, information and financial markets. Well thought out and executed policies in these areas could bring great advantages for the whole economy and not just industry, given that the objective is to promote efficiency throughout the economy. The paper has also suggested that the case for vertical policies is not demonstrated, and has noted the dangers of such policies in the creation of industry lobbies and the possibilities of corruption. Despite the enthusiasm of industry ministers for vertical policies, they should be resisted.

Ficha do documento

Tipo

Estudo

Ano

1998

Instituição

Instituto de Pesquisa Econômica Aplicada (Ipea)

Fonte

Repositório do Ipea

Idioma

Inglês

Acesso

Acesso aberto

Identificador

oai:repositorio.ipea.gov.br:11058/2076

Licença

Licença Comum

Abrangência

Brasil

Temas

EconomiaDesenvolvimento EconômicoGovernança

Palavras-chave

Política industrialCrescimento econômico brasileiro