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The Return of Industrial Policy in Brazil

In: The Industrial Policy Revolution I

Author

Listed:
  • David Kupfer

    (Instituto de Economia da Universidade Federal do Rio de Janeiro)

  • João Carlos Ferraz

    (Brazilian Development Bank (BNDES))

  • Felipe Silveira Marques

    (Federal University of Rio de Janeiro)

Abstract

Up to the 1970s, Brazil implemented an industrial policy aimed at substituting imports that was consensually acknowledged for being active and strong.1 Such activeness was the result of the broadness and depth with which the Brazilian state was willing to intervene in markets, taking on a leading allocating role in the economy. The strength of the industrial policy at that time stemmed from the meeting of three essential conditions to boost it: (i) co-existence with a favorable macroeconomic environment; (ii) intensive use of classic instruments (tariff barriers, financial and fiscal incentives for prioritized sectors in two National Development Plans); and (iii) use of stateowned companies (some existing since the 1950s, some created in the 1970s).

Suggested Citation

  • David Kupfer & João Carlos Ferraz & Felipe Silveira Marques, 2013. "The Return of Industrial Policy in Brazil," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, chapter 5, pages 327-339, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-33517-3_20
    DOI: 10.1057/9781137335173_20
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    Citations

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    Cited by:

    1. Paola Perez-Aleman & Flavia Chaves Alves, 2017. "Reinventing industrial policy at the frontier: catalysing learning and innovation in Brazil," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 151-171.
    2. André Pineli & Rajneesh Narula, 2023. "Industrial policy matters: the co-evolution of economic structure, trade, and FDI in Brazil and Mexico, 2000–2015," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 50(2), pages 399-444, June.
    3. Grumiller, Jan & Raza, Werner G., 2019. "Towards an institutional setup for industrial policy in late industrialization in the 21st century," Working Papers 61, Austrian Foundation for Development Research (ÖFSE).
    4. Adami, Vivian Sebben & Antunes Júnior, José Antônio Valle & Sellitto, Miguel Afonso, 2017. "Regional industrial policy in the wind energy sector: The case of the State of Rio Grande do Sul, Brazil," Energy Policy, Elsevier, vol. 111(C), pages 18-27.
    5. Renato Garcia & Ulisses Pereira dos Santos & Wilson Suzigan, 2020. "Industrial upgrade, economic catch-up and industrial policy in Brazil: general trends and the specific case of the mining industry [Upgrade industrial, catch-up econômico e política industrial no Bras," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 30(spe), pages 1089-1114, December.
    6. Neilson, Jeffrey & Dwiartama, Angga & Fold, Niels & Permadi, Dikdik, 2020. "Resource-based industrial policy in an era of global production networks: Strategic coupling in the Indonesian cocoa sector," World Development, Elsevier, vol. 135(C).

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