Description: Brazil : The New Growth Agenda, Volume 1. Policy Briefing

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Brazil : The New Growth Agenda, Volume 1. Policy Briefing

During the last century, Brazil was one of the fastest growing economies in the world. Between 1901 and 2000, Brazil's Gross Domestic Product (GDP) per capita grew at an average annual rate of 4.4 percent. Brazil's long-run growth has riv...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2013
Subjects:	AIRPORTS BENCHMARKS BUREAUCRATIC REQUIREMENTS BUSINESS ENVIRONMENT CAPITAL FORMATION CAPITAL INVESTMENT CD CENTRAL BANK COMMUNICATIONS TECHNOLOGY COMPARATIVE ADVANTAGE COMPETITION POLICY COUNTRY DATA DEBT DEBT SERVICE DEFICITS DIRECT INVESTMENT ECONOMIC CONDITIONS ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC INCENTIVES ECONOMIC STABILITY ECONOMICS ECONOMISTS EMPIRICAL EVIDENCE EQUILIBRIUM EXCHANGE RATES EXPORT GROWTH FISCAL BALANCE FISCAL DEFICITS FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL RESPONSIBILITY GDP GDP PER CAPITA GROSS DOMESTIC PRODUCT GROWTH EPISODE GROWTH LITERATURE GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH THEORY HIGH INEQUALITY HUMAN CAPITAL INCOME INCOME DISTRIBUTION INCOME GROWTH INCOME INEQUALITY INCREASE GROWTH INCREASING RETURNS INDUSTRIALIZATION INEQUALITY MEASURES INFLATION INFRASTRUCTURE INVESTMENT INFRASTRUCTURE PROVISION INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT RATES KNOWLEDGE ECONOMY LABOR FORCE LONG-RUN GROWTH LOW INFLATION MEDIUM TERM MUNICIPAL GOVERNMENT NATIONAL DEVELOPMENT NATIONAL INCOME NATURAL RESOURCES OIL PATENTS PAYROLL TAXES POLICY IMPLICATIONS POLICY MEASURES POLICY PERSPECTIVE POLITICAL STABILITY POOR PERFORMANCE PORTS POVERTY REDUCTION PRICE CONTROLS PRIMARY SCHOOL PRIVATE SECTOR PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC POLICY PUBLIC SECTOR REDUCING POVERTY REGULATORY BURDEN RESOURCE USE ROADS SOCIAL SECURITY STATE OWNED ENTERPRISES STATE-OWNED ENTERPRISES TAX TAX REFORM TAX REVENUES TAXATION TAXATION RATES TECHNOLOGICAL PROGRESS TOTAL FACTOR PRODUCTIVITY TRADE POLICY TRANSPARENCY URBAN PUBLIC SERVICES URBANIZATION GROSS DOMESTIC PRODUCT EQUITABLE ACCESS GOVERNMENT SPENDING POLICY GOVERNANCE POVERTY REDUCTION STRATEGIES FOREIGN INVESTMENT INVESTMENT ENVIRONMENT EXPORT CAPACITY INTELLECTUAL PROPERTY RIGHTS SECONDARY EDUCATION EXPORT MARKETS FISCAL ADJUSTMENTS EQUALITY
Online Access:	http://documents.worldbank.org/curated/en/2002/12/2368295/brazil-new-growth-agenda-vol-1-2-policy-briefing http://hdl.handle.net/10986/15289

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Summary:	During the last century, Brazil was one of the fastest growing economies in the world. Between 1901 and 2000, Brazil's Gross Domestic Product (GDP) per capita grew at an average annual rate of 4.4 percent. Brazil's long-run growth has rivaled that of counties such as South Korea, universally praised as a stellar performer. Brazil does not received the same praise. Perhaps one reason is that more has been expected of Brazil, especially by Brazilians themselves. After all the country is richly endowed with natural resources and is blessed with an energetic people. Perhaps is that economic growth in Brazil has been more erratic than in other countries, or it may be that this economic growth performance has been accompanied by high inequality, thus diminishing the "quality" of growth. How is it that the country with the fastest growth in the region also has the highest inequality? Are the two facts related, and if so, what can be done to improve the pattern of future income growth across the social classes, and reduce its extreme inequality and the breadth and depth of its poverty? The first volume summarizes the overall conclusions for policy drawn from the seven background papers presented in the second volume, and other relevant research, as well as giving a historical account of the driving forces behind Brazilian growth since the 1960s.