Diplomacia e Relações Internacionais
The Brazilian Competitiveness Cliff
Authors: Otaviano Canuto, Matheus Cavallari, and José Guilherme Reis
Brazilian exports of goods and services have grown sharply in recent years, with sales nearly three times higher in 2010 than in 2000. However, Brazil faces considerable competitiveness challenges: its export performance depends mostly on favorable geographical and sector composition effects. Such challenges increased after the recent global economic crisis. A recent slowdown in industrial exports, production, and investments seems related to supply-side difficulties stemming from a wide range of inefficiencies and rising costs, rather than insufficient demand. Although a stronger currency is one of the factors behind the lower competitiveness of Brazil’s manufacturing exports, sluggish productivity performance, lack of dynamism at the firm level, and a real wage uptrend seem to explain a significant part of the overall loss of competitiveness. This diagnostic reinforces the urgency of resuming the agenda of microeconomic reforms, increasing the investment-to–gross domestic product (GDP) ratio, and advancing toward better-skilled human capital.
The Economic Premise notes are produced by the Poverty Reduction and Economic Management (PREM) Network Vice-Presidency of the World Bank. The views expressed here are those of the authors and do not necessarily reflect those of the institution.
To read more, please click here: http://siteresources.worldbank.org/EXTPREMNET/Resources/EP105.pdf
To read previous Economic Premise notes, please click here: www.worldbank.org/economicpremise
Economic Premise is now a partner of Roubini Global Economics and is available on RGE's Partner Content: www.roubini.com/partnercontent.
PREM's Twitter feed tracks the World Bank's efforts to help countries fight poverty and close gaps in income and opportunity. Follow us at twitter.com/WBPoverty.
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Diplomacia e Relações Internacionais
O abismo da competitividade brasileira - Otaviano Canuto, Matheus Cavallari, José Guilherme Reis
The Brazilian Competitiveness Cliff
Authors: Otaviano Canuto, Matheus Cavallari, and José Guilherme Reis
Brazilian exports of goods and services have grown sharply in recent years, with sales nearly three times higher in 2010 than in 2000. However, Brazil faces considerable competitiveness challenges: its export performance depends mostly on favorable geographical and sector composition effects. Such challenges increased after the recent global economic crisis. A recent slowdown in industrial exports, production, and investments seems related to supply-side difficulties stemming from a wide range of inefficiencies and rising costs, rather than insufficient demand. Although a stronger currency is one of the factors behind the lower competitiveness of Brazil’s manufacturing exports, sluggish productivity performance, lack of dynamism at the firm level, and a real wage uptrend seem to explain a significant part of the overall loss of competitiveness. This diagnostic reinforces the urgency of resuming the agenda of microeconomic reforms, increasing the investment-to–gross domestic product (GDP) ratio, and advancing toward better-skilled human capital.
The Economic Premise notes are produced by the Poverty Reduction and Economic Management (PREM) Network Vice-Presidency of the World Bank. The views expressed here are those of the authors and do not necessarily reflect those of the institution.
To read more, please click here: http://siteresources.worldbank.org/EXTPREMNET/Resources/EP105.pdf
To read previous Economic Premise notes, please click here: www.worldbank.org/economicpremise
Economic Premise is now a partner of Roubini Global Economics and is available on RGE's Partner Content: www.roubini.com/partnercontent.
PREM's Twitter feed tracks the World Bank's efforts to help countries fight poverty and close gaps in income and opportunity. Follow us at twitter.com/WBPoverty.
To subscribe to this Economic Premise update click here, to unsubscribe click here, or to send comments email us at [email protected].
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- Otaviano Canuto, O Mais Prolifico Dos Meus Amigos Economistas
Tenho vários amigos economistas e dois deles se distinguem pela sua altíssima produtividade na análise dos mais diversos problemas.O Fabio Giambiagi é especialista em contas públicas e finanças no Brasil.O Otaviano Canuto em questões de economia...
- Economia Brasileira: Uma Declaracao Rosea E Dois Estudos Realistas Sobre Sua Situacao - Jose Roberto Afonso
Recebo, do sempre competente economista José Roberto Afonso, esta chamada para três textos importantes sobre a economia brasileira, apenas dois válidos para a leitura atenta; o do governo, como sempre, peca pelo total irrealismo da apresentação....
- The Road To Riches - Otaviano Canuto
Navigating the Road to Riches Otaviano Canuto Project Syndicate - A World of Ideas, July 12, 2011 WASHINGTON, D.C. – A switchover of global growth engines is taking place. Developing economies as a whole are now the source of more than half of global...
- Miragens Chinesas - The Economist
Brazil/China economy: Rebalancing the relationship The Economist, April 13th 2011 FROM THE ECONOMIST INTELLIGENCE UNIT Sino-Brazilian commercial ties have expanded rapidly in the last decade, and China is now Brazil’s top trading partner—and was its...
- Paises Em Desenvolvimento Na Economia Global - Livro De O. Canuto (banco Mundial)
Meu amigo dileto, Otaviano Canuto, ex-professor do curso de RI da USP, atualmente vice-presidente do Banco Mundial para assuntos de economias em desenvolvimento anuncia a publicação de seu livro, como abaixo: Developing Countries Come to the Global...