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Brazil - The new growth agenda (Vol. 2) : Detailed report (Inglês)

During the last century, Brazil was one of the fastest growing economies in the world. Between 1901 and 2000, Brazil's Gross Domestic Product (GDP) per capita grew at an average annual rate of 4.4 percent. Brazil's long-run growth has rivaled that of counties such as South Korea, universally praised as a stellar performer. Brazil does not received the same praise. Perhaps one reason is that more has been expected of Brazil, especially by Brazilians themselves. After all the country is richly endowed with natural resources and is blessed with an energetic people. Perhaps is that economic growth in Brazil has been more erratic than in other countries, or it may be that this economic growth performance has been accompanied by high inequality, thus diminishing the "quality" of growth. How is it that the country with the fastest growth in the region also has the highest inequality? Are the two facts related, and if so, what can be done to improve the pattern of future income growth across the social classes, and reduce its extreme inequality and the breadth and depth of its poverty? The first volume summarizes the overall conclusions for policy drawn from the seven background papers presented in the second volume, and other relevant research, as well as giving a historical account of the driving forces behind Brazilian growth since the 1960s.


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  • TIpo de documento

    Relatório Econômico ou Setorial Pré-2003

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  • País


  • Região

    América Latina e Caribe,

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  • Nome do documento

    Detailed report

  • Palavras-chave

    human capital;information and communication technology;protection of intellectual property right;income growth;public sector borrowing requirement;human capital and growth;balance of payment crisis;trade and investment policy;high marginal tax rate;average rate of taxation;terms of trade shock;european monetary union;Currency and Exchange Rates;Primary and Secondary Education;foreign direct investment;flow of knowledge;knowledge and innovation;public policy;total factor productivity;Economic growth theories;cost of labor;public debt sustainability;lack of investment;international trade flows;financial transaction tax;human capital formation;intellectual property rights;human capital investment;average household income;human capital accumulation;gdp growth rate;class of model;human capital stock;reform of institution;learning by doing;physical capital accumulation;model of growth;reducing trade barriers;base interest rate;international good practice;standard of living;exogenous technological progress;area of education;international knowledge spillover;efficiency of capital;high growth rate;knowledge assessment methodology;current account imbalance;cross-country growth regression;economic growth performance;propensity to save;lack of competition;composition of output;factor of production;weights and measure;dynamic comparative advantage;Rule of Law;higher interest rate;sustainable growth rate;decline in productivity;economic growth policy;quality of public;output per worker;fast economic growth;physical capital formation;tertiary education sector;panel data set;economies of scale;domestic saving rate;capital deepening;trade opening;Basic Education;private investment;technological innovation;high tariff;information infrastructure;judicial system;investment climate;world economy;Higher Education;productivity growth;tax burden;national policy;present study;competition policy;higher growth;income rise;age cohort;fiscal deficit;macroeconomic balance;steady state;distortionary tax;administrative barrier;migratory flows;macroeconomic instability;metropolitan area;regulatory burden;brazilian context;knowledge revolution;dynamic effect;long-run growth;Economic Policy;open economy;Industrial Policies;foreign technology;Fiscal Sustainability;Industrial Policy;labor court;knowledge creation;public governance;investment composition;public good;trade regime;technological change;basic research;high share;Macroeconomic Stability;productive use;Labor Market;explicit subsidy;capital inflow;positive feedback;regulatory restriction;conceptual framework;agglomeration effect;equilibrium outcome;technology innovation;foreign competition;cross-country study;factor inputs;ceteris paribus;monopolistic competition;capital mobility;economic geography;energy shortage;path dependency;binding constraint;central policy;industrial productivity;Trade Policy;endogenous growth;import intermediates;dynamic economy;corporate sector;workforce skill;export market;policy option;international rate;information flow;Trade Policies;common feature;social choice;Natural Resources;inflation targeting;political cycle;research program;economic convergence;forced saving;monetary management;independent variable;cross-country comparison;accounting framework;regression analysis;Macroeconomic Management;management method;public education;worth emphasizing;government investment;Tax Reform;factor accumulation;separate entity;Capital Inflows;industrial country;trading partner;production pattern;policy perspective;Emerging economies;empirical research;public intervention;emerging economy;resource endowments;fiscal imbalance;infrastructure regulation;comparative study;brazilian experience;public reform;infrastructure provision;civil society;primary concern;macroeconomic performance;macroeconomic reform;fiscal stabilization;long-term investment;clear ground;macro stabilization;public liability;tax policy;high capital;high spread;education level;knowledge flow;labor regulation



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