Read more about the article O momento e o espaço das políticas fiscais
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O momento e o espaço das políticas fiscais

  Estou entre os economistas que consideram a ausência de uma política fiscal expansiva como fator fragilizador da recuperação pós-crise nas economias avançadas, especialmente na Zona do Euro. Ao mesmo…

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Financial Times – The cost of Brazil’s closed economy

Brazil’s is an unusually closed economy as measured by trade penetration, with exports plus imports equal to just 27.6 per cent of GDP in 2013. As the potential productivity gains from participation in global production networks increase, so does the opportunity cost of Brazil’s failure to open its economy.

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Why Brazil should embrace global value chains

International trade has undergone a radical transformation in the past decades as production processes have fragmented along cross-border value chains. The Brazilian economy has remained on the fringes of this production revolution, maintaining a very high density of local supply chains. This article calls attention to the rising opportunity costs incurred by such option taken by the country.

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