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A Moment of Truth for Dilma; Brazil
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 404 no. 8798 (Aug. 2012)
,
page 11-12.
Topik:
Presidents
;
Economic Policy
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.73
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Writing about the Brazil of a century ago, Warren Dean, an economic historian, noted that the country's foreign trade "appears to have been limited to commodities in which overwhelming comparative advantage offset high costs of production and commercialisation and high internal taxes." Both government and private sector paid "little attention to competitiveness," he added. Those words ring uncannily true of the Brazil of recent years. For much of the past decade the country enjoyed faster growth because of China's demand for its iron ore, soya beans and oil, and because higher wages and newly available credit boosted the purchasing power of tens of millions of Brazilians. But now the economy has stalled. It has been clear for some time that, if Brazil is to continue to grow at a decent clip, the policy emphasis needs to shift from twiddling the dials of demand to tackling the high cost of supply. Dilma Rousseff, Lula's successor, seems to understand the need for change
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