Brazil - Seizing the Opportunity to Compete?
Brazil has made considerable progress toward macroeconomic stability since reform measures began to take hold in the early 1990s, and its economy has produced stronger growth as a result-an average of 2.5 percent annually over the past decade. Braz...
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| Format: | Brief |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2007/08/8952009/brazil-seizing-opportunity-compete http://hdl.handle.net/10986/10293 |
| Summary: | Brazil has made considerable progress
toward macroeconomic stability since reform measures began
to take hold in the early 1990s, and its economy has
produced stronger growth as a result-an average of 2.5
percent annually over the past decade. Brazil will have been
much better able to take advantage of domestic and
international opportunities to spur growth, as did
competitors such as China. The Brazilian economy has
remained stable as a result of prudent macroeconomic
management-including fiscal and monetary policy, as well as
debt management. In Brazil, investment in technological
innovation comes mainly from the public sector. Brazil
invested in research and development infrastructure far
earlier than most other developing countries. Acquiring and
adapting global knowledge and technology Brazilian firms are
just awakening to the full benefits that acquired foreign
technology can bring. The report proposes concrete actions
in six key areas-the enabling environment, knowledge
creation and commercialization, acquisition of foreign
knowledge, leveraging and dissemination of technology use,
basic education and skills, and tertiary education. |
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