Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains
Brazil's automotive industry is unwell. Productivity and trade performance are low, consumer prices are high, local companies are bit players both at home and abroad, and innovation is almost nonexistent. The cumulative (opportunity) costs of...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2017
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/100851511798447023/Inovar-auto-evaluating-Brazils-automative-industrial-policy-to-meet-the-challenges-of-global-value-chains http://hdl.handle.net/10986/28947 |
| id |
okr-10986-28947 |
|---|---|
| recordtype |
oai_dc |
| spelling |
okr-10986-289472021-05-26T09:05:19Z Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains Sturgeon, Timothy Lima Chagas, Leonardo Barnes, Justin AUTO INDUSTRY GLOBAL VALUE CHAIN AUTOMOTIVE TECHNOLOGY MARKET TRENDS INDUSTRIAL POLICY SUBSIDIES INCENTIVE SCHEME RESEARCH AND DEVELOPMENT Brazil's automotive industry is unwell. Productivity and trade performance are low, consumer prices are high, local companies are bit players both at home and abroad, and innovation is almost nonexistent. The cumulative (opportunity) costs of Brazil's protectionist automotive policies, which have been in place in some form since the 1950s – while immeasurable – are certainly very high. However, it is not accurate to say that they have failed, since Brazil would probably not have an automotive industry today without them, at least not one that employs nearly 500,000 workers in the manufacturing sector. According to the most recent figures, 89 percent of vehicles sold in Brazil were produced in the country, and very recently, exports have surged to 30 percent of production. However, Brazil has a large trade deficit in automotive parts and components and finished vehicle exports are volatile, used mainly as a 'pressure relief valve' during downturns in the domestic market. Local content figures are not available, signaling a major flaw in the accountability and transparency of Brazil’s automotive industrial policy regime. 2017-12-05T19:25:45Z 2017-12-05T19:25:45Z 2017-11 Working Paper http://documents.worldbank.org/curated/en/100851511798447023/Inovar-auto-evaluating-Brazils-automative-industrial-policy-to-meet-the-challenges-of-global-value-chains http://hdl.handle.net/10986/28947 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Working Paper Latin America & Caribbean Brazil |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
AUTO INDUSTRY GLOBAL VALUE CHAIN AUTOMOTIVE TECHNOLOGY MARKET TRENDS INDUSTRIAL POLICY SUBSIDIES INCENTIVE SCHEME RESEARCH AND DEVELOPMENT |
| spellingShingle |
AUTO INDUSTRY GLOBAL VALUE CHAIN AUTOMOTIVE TECHNOLOGY MARKET TRENDS INDUSTRIAL POLICY SUBSIDIES INCENTIVE SCHEME RESEARCH AND DEVELOPMENT Sturgeon, Timothy Lima Chagas, Leonardo Barnes, Justin Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains |
| geographic_facet |
Latin America & Caribbean Brazil |
| description |
Brazil's automotive industry is
unwell. Productivity and trade performance are low, consumer
prices are high, local companies are bit players both at
home and abroad, and innovation is almost nonexistent. The
cumulative (opportunity) costs of Brazil's
protectionist automotive policies, which have been in place
in some form since the 1950s – while immeasurable – are
certainly very high. However, it is not accurate to say that
they have failed, since Brazil would probably not have an
automotive industry today without them, at least not one
that employs nearly 500,000 workers in the manufacturing
sector. According to the most recent figures, 89 percent of
vehicles sold in Brazil were produced in the country, and
very recently, exports have surged to 30 percent of
production. However, Brazil has a large trade deficit in
automotive parts and components and finished vehicle exports
are volatile, used mainly as a 'pressure relief
valve' during downturns in the domestic market. Local
content figures are not available, signaling a major flaw in
the accountability and transparency of Brazil’s automotive
industrial policy regime. |
| format |
Working Paper |
| author |
Sturgeon, Timothy Lima Chagas, Leonardo Barnes, Justin |
| author_facet |
Sturgeon, Timothy Lima Chagas, Leonardo Barnes, Justin |
| author_sort |
Sturgeon, Timothy |
| title |
Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains |
| title_short |
Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains |
| title_full |
Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains |
| title_fullStr |
Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains |
| title_full_unstemmed |
Inovar Auto : Evaluating Brazil's Automative Industrial Policy to Meet the Challenges of Global Value Chains |
| title_sort |
inovar auto : evaluating brazil's automative industrial policy to meet the challenges of global value chains |
| publisher |
World Bank, Washington, DC |
| publishDate |
2017 |
| url |
http://documents.worldbank.org/curated/en/100851511798447023/Inovar-auto-evaluating-Brazils-automative-industrial-policy-to-meet-the-challenges-of-global-value-chains http://hdl.handle.net/10986/28947 |
| _version_ |
1764468136726233088 |