Neo-liberalism and market concentration in Brazil: The emergence of a contradiction?
AbstractThis article examines the degree of market and firm competitiveness that developed in Brazil in the 15 years since the introduction of neo-liberal policies. In particular, it evaluates the extent to which trade liberalization and the freeing-up of domestic markets has resulted in more competitive firm performance and market structures. It shows that although the aim of opening Brazil's economy and of privatizing its publicly owned firms was to expose the country to domestic and international market forces, it has paradoxically increased ownership concentration of its industries.
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Bibliographic InfoArticle provided by Elsevier in its journal The Quarterly Review of Economics and Finance.
Volume (Year): 48 (2008)
Issue (Month): 2 (May)
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Web page: http://www.elsevier.com/locate/inca/620167
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- Krugman, Paul R., 1979. "Increasing returns, monopolistic competition, and international trade," Journal of International Economics, Elsevier, vol. 9(4), pages 469-479, November.
- Baer, Werner & Filizzola, Mavio, 2005. "Growth, Efficiency and Equity: The Impact of Agribusiness and Land Reform in Brazil," Working Papers 05-0109, University of Illinois at Urbana-Champaign, College of Business.
- Baumol, William J & Willig, Robert D, 1981. "Fixed Costs, Sunk Costs, Entry Barriers, and Sustainability of Monopoly," The Quarterly Journal of Economics, MIT Press, vol. 96(3), pages 405-31, August.
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