Brazil - Broadening the Base for Growth : A Report on the State of Bahia
Over the last thirty years, Bahia has transformed itself from a somnolent rural economy to the leading manufacturing state of the Northeast. In the process, the state government has developed a reputation as a modernizing, fiscally responsible admi...
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| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2001/10/1631747/brazil-broadening-base-growth-report-state-bahia-brazil-broadening-base-growth-report-state-bahia http://hdl.handle.net/10986/15475 |
| Summary: | Over the last thirty years, Bahia has
transformed itself from a somnolent rural economy to the
leading manufacturing state of the Northeast. In the
process, the state government has developed a reputation as
a modernizing, fiscally responsible administration. But
problems remain. Growth rates, even since the last
recession, have been modest. Poverty remains widespread. The
aim of this report is to define ways which the state can
take to provide the basis for sustained, broad-based
economic growth. Overall, the report is optimistic about
Bahia's prospects. The economy is increasingly
diversified. New entrants to the labor force, while still
under-skilled, are better educated than their forebears. The
state's strong fiscal condition gives it room to
address gaps in social services. But a less capital-biased
growth strategy, combined with 1) federal-level reforms in
fiscal policy, labor legislation, and pension regulation;
and 2) state-level reforms in the management of social
services, would enhance the state's growth prospects
and hasten the reduction of poverty. |
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