Publication: The Curious Case of Brazil's Closedness to Trade
Date
2015-04
ISSN
Published
2015-04
Author(s)
Abstract
Although Brazil has become one of the
largest economies in the world, it remains among the most
closed economies as measured by the share of exports and
imports in gross domestic product. This feature cannot be
explained simply by the size of Brazils economy. Rather, it
is due to an economic structure reliant on domestic value
chain integration as opposed to participation in global
production networking. It also reflects more generally an
export base that shows lack of dynamism. Opening up and
moving toward integration into global value chains could
produce efficiency gains and help Brazil address its
productivity and competitiveness challenges.
Citation
“Canuto, Otaviano; Fleischhaker, Cornelius; Schellekens, Philip. 2015. The Curious Case of Brazil's Closedness to Trade. Policy Research Working Paper;No. 7228. © World Bank, Washington, DC. http://openknowledge.worldbank.org/handle/10986/21840 License: CC BY 3.0 IGO.”
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