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04/09/2019 17:27

The Political Economy of Trade Policy in Brazil

Autores: Ivan Oliveira, Pedro da Motta Veiga, Sandra Polónia Rios e Fernando Ribeiro

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Brazil is a late comer among developing countries in opening up its economy. Its trade policy pertains to the import substitution paradigm despite the fact that Brazil has a large and diversified industrial base and that import substitution dynamics has lost traction since the 80s.

By contrast with other large developing economies, the last trade liberalization episode in Brazil occurred in the late 80s and early 90s. Since then, the levels of tariff and non-tariff protection have not been reduced – on the contrary, non-tariff barriers have significantly increased in the last 15 years. Brazil completely ignored in its trade policy the deep changes that have affected the world economy since 1995.



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