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.
BRICLab Conference: Are BRICS a New Platform for Global Economic Governance Columbia SIPA Published on Nov 14, 2014 November 14, 2014 Low Library Panelists will weigh in on the prospects…
A economia mundial se defronta com uma enorme necessidade de financiamento de infraestrutura que não está tendo contrapartida no lado da oferta. As economias emergentes, em particular, têm lidado com…
Brazil’s macroeconomic management will face four major immediate challenges in the near future. The response to them will be strengthened if we could have some indication of how to…
Reuters WORLD NEWS OCTOBER 27, 2014 Rousseff will struggle to restore Brazil's economic good times Alonso Soto BRASILIA (Reuters) - President Dilma Rousseff narrowly won re-election by spending heavily…
2014 Brazil Economic Conference - Brazil Outlook Brazilian-American Chamber of Commerce Published on Oct 20, 2014 Featured speakers: Mônica Baumgarten de Bolle (moderator), Partner and Managing Director, Galanto MBB Consultoria,…
Lecture at University of Illinois at Urbana-Champaigne (October 12, 2014) China, Brazil - two tales of a growth slowdown
Entrevista Radio ONU 9 outubro 2014 (sobre encontro anual do Banco Mundial) Escute aqui
Brazil president’s surge in polls worries investors Joe Leahy in São Paulo OCTOBER 1, 2014 Brazil’s former president, Luiz Inácio Lula da Silva, has been defiant in his backing of…
The Brazilian Economy For Brazil, “the motto must be pragmatism.” - Otaviano Canuto has observed the boom in Latin American exports of commodities from a variety of positions at the…
The world economy faces huge infrastructure financing needs that are not being matched on the supply side. Emerging market economies, in particular, have had to deal with international long-term…
Reuters BONDS NEWS SEPTEMBER 8, 2014 / 3:46 PM / 4 YEARS AGO UPDATE 2-Brazil's Mantega would leave in 2nd term, Rousseff says By Alonso Soto and Luciana Otoni…
Joe Leahy SEPTEMBER 5, 2014 When Brazil’s presidential election circus arrived in Rio Grande do Sul this week, it was hard not to see the difference between the styles of…
This paper studies the growth effects of externalities associated with intergenerational health transmission, health persistence, and access to infrastructure (or lack thereof), which affects women's occupational choices. Following a brief review of the evidence on these issues, a gender-based overlapping generations (OLG) model of endogenous growth that captures these interactions is presented and its properties characterized. The endogeneity of mothers’ rearing time and rearing costs implies that improved access to infrastructure has in general an ambiguous effect on growth. Numerical experiments, based on a calibrated version of the model for low-income countries, show that it is possible for higher investment in infrastructure to actually reduce the steady-state growth rate. The possibility of multiple equilibria induced by an endogenous survival rate is also discussed, and so is the role of public policy in that context.
Capital Finance International, summer 2014 Some analysts have predicted that the commodity price boom has played itself out. However, natural resource-based commodity prices (with the exception of shale gas…