Brazil: Chartering a New Economic Pathway

Abstract

The presidential elections of 2018 marked an inflection point in Brazil's quest towards establishing a sustainable economic pathway. The "populist years" of Brazil's hard left, has resulted in economic stagnations, losses of economic competitiveness, massive corruption, and high levels of unemployment. In 2019, Brazil's new administration is introducing a private sector-led economic growth strategy, instead of the state-led growth strategy of previous decades. This paper will elaborate on the new economic paradigm being set in place and its likely impact on Brazil's economy and business environment.

Brazilian Export Processing Zones & Green Powershoring: Challenges & Opportunities

“…The previous sections highlighted the importance and role of EPZs in promoting foreign trade, foreign direct investment, and employment around the globe. In The Asian export miracle was largely fueled by the massive creation of EPZs throughout Asia (Braga, 2019;Gouvea, 2012Gouvea, , 2014Gouvea, , 2020. (Braga, 2020b;Gaeta, 2022).…”

“…Brazil started to specialize in the export of mineral and agricultural commodities. As a result of Brazil's heavily protectionist foreign trade policies, Brazil's manufacturing lost ground globally, which eventually led to the reduction of Brazil's economic complexity (Gouvea, 2020).…”

Latin America: Chartering a new economic and business pathway

“…Chile, Colombia, and Mexico, on the other hand, performed better as a result of their more open and more competitive business environments. Brazil's Bolsonaro administration is implementing a number of market‐oriented reforms that should provide an impetus of growth to the economy, and promote the private sector as the engine of growth for the Brazilian economy (Gouvea, 2020; World Bank, 2020).…”