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Comments on “New Thinking on Industrial Policy: Country Case Studies of Successful and Unsuccessful Industrial Policies — The Return of Industrial Policy in Brazil”

In: The Industrial Policy Revolution I

Author

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  • Volker Treichel

    (World Bank’s Sector Leader for Cote d’Ivoire)

Abstract

I am grateful for the opportunity to comment on this paper discussing industrial policy and Brazil’s economic development. Over the past ten years, Brazil has made remarkable progress in achieving macroeconomic stability and high growth, while at the same time markedly reducing poverty. Indeed, over the period 2004–10 growth more than doubled to over 4.2 percent (from about 1.9 percent during the period 1996–2003), while inflation fell sharply from a peak of 15 percent in 2003 to an average of 3 to 5 percent during 2004–10. Most remarkably, poverty declined from 35 percent in 2000 to 22 percent in 2009. The paper draws appropriate attention to the role that industrial policy has played in fostering growth and to the need for sound principles of implementation to effect the expected results.

Suggested Citation

  • Volker Treichel, 2013. "Comments on “New Thinking on Industrial Policy: Country Case Studies of Successful and Unsuccessful Industrial Policies — 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 340-347, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-33517-3_21
    DOI: 10.1057/9781137335173_21
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    Cited by:

    1. Jacob Assa & Ingrid H. Kvangraven, 2018. "Imputing Away the Ladder: Implications of Changes in National Accounting Standards for Assessing Inter-country Inequalities," Working Papers 1813, New School for Social Research, Department of Economics.

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