Saída para a crise tem mão dupla

Abstract

The current Brazilian recession is worrisome, but even more so is the country's very slow economic growth over the last 35 years. The causes are multiple, but a frequently ignored one is emphasized here, namely, Brazil's extremely feeble participation in world trade. This paper proposes a program to integrate the country into the international productive chains, based on three pillars: reduction of the so-called Brazil-cost, substitution of competitive exchange rates for import tariffs, and trade deals.