Brazil’s Growth Performance: Achievements and Prospects
Abstract
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.
Citation
de Mello, L. Brazil’s Growth Performance: Achievements and Prospects. UNU-WIDER, Helsinki, Finland (2009) 24 pp. ISBN 978-92-9230-234-4 [WIDER Research Paper No. 2009/55]