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Erschienen in:
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2017 | OriginalPaper | Buchkapitel

Brazilian Industry: Recent Performance and Future Challenges

verfasst von : Celio Hiratuka, Fernando Sarti

Erschienen in: The Brazilian Economy since the Great Financial Crisis of 2007/2008

Verlag: Springer International Publishing

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Abstract

The Brazilian industry has shown signs of recovery in terms of generation of employment and added value at the beginning of the twenty-first century, in sharp contrast with the stagnation observed in the last two decades of the twentieth century. But after the global crisis of 2007/2008, it has experienced difficulties in maintaining its momentum faced with at the international level. This chapter seeks to present the recent performance of Brazilian manufacturing industry, emphasizing the difficulties encountered in the post-crisis period, given the fierce competition at the international scenario, which resulted in rapid growth of imports in the internal market and difficulty to expand exports. An overview of the evolution of Brazilian industry is presented in terms of production, investments, international trade, and innovation. This chapter also seeks to highlight the main challenges ahead for the Brazilian manufacturing industry to recover its dynamism and contribution to Brazil’s economic development.

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Vorheriges Kapitel New Features of the Brazilian External Sector Since the Great Global Crisis
Nächstes Kapitel Financialisation and Investment Behaviour Among Non-Financial Corporations in Brazil Since the Global Crisis
Fußnoten
1
See Jensen (1990) for the foundations of this new shareholder value management model and Aglietta and Riberieux (2005) and Lazzonick and O’Sullivan (2000) for a critical view.
 
2
This movement was captured by the literature of industrial organization and international economy in different ways and with different denominations. See, among others, Gereffi and Korzeniewicz (1994), Sturgeon (2002), Gereffi et al. (2005), UNCTAD (2013) and OECD, WTO and UNCTAD (2013).
 
3
For example, the taxonomies that seek to describe sectoral patterns of technical change and innovation, such as Pavitt (1984) and Malerba and Orsenigo (1997); also the technological intensity classifications proposed by UNCTAD (2002) and Lall (2000).
 
4
The key pioneering references within this approach are the works of Lundvall (1992), Nelson (1993), and Freeman (1995).
 
5
Pebrisch’s (1949) pioneering work is an obligatory reference, as well as Furtado (1961).
 
6
For more details regarding the discussion on the Brazilian external vulnerability, see the chapter written by Biancarelli et al. for this book (Chap. “New Features of the Brazilian External Sector since the Great Global Crisis”).
 
7
Real effective exchange rate calculated by IPEA, based on weighted arithmetic mean of the country’s bilateral real exchange rates against 24 selected trading partners.
 
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Metadaten
Titel
Brazilian Industry: Recent Performance and Future Challenges
verfasst von
Celio Hiratuka
Fernando Sarti
Copyright-Jahr
2017
Buch
The Brazilian Economy since the Great Financial Crisis of 2007/2008

Print ISBN: 978-3-319-64884-2

Electronic ISBN: 978-3-319-64885-9

Copyright-Jahr: 2017

DOI
https://doi.org/10.1007/978-3-319-64885-9_6

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