Brazilian Industrial Policy in the 21st Century: Achievements, Challenges and Shortcomings
The goal of this session is to discuss the achievements and limitations of the current wave of industrial policy in Brazil and the papers on it deal with many interrelated questions. How policy-makers have been dealing with sector idiosyncrasies when developing and implementing incentives? To what extent current initiatives differ from the past ISI measures? Are these measures successful in creating competitive Brazilian companies or repeat a strategy of attracting MNCs to produce in the country? To what extent the current industrial policy has been successful in stimulating the creation of new sectors, particularly ones related to the “green” economy? As an effort to answer these questions, the papers in this session will contribute to a deeper understanding of the achievements and limitations of an important emerging economy as Brazil in carving an alternative path to industrial development in a highly competitive global economy.