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About Industrial Policy, Sectoral Maturation, and Postwar Economic Growth in Brazil - The Resource Curse Thesis - R. M. Auty (1995)
This document summarizes an article that discusses how Brazil's abundant natural resources may have hindered its economic growth and led to unequal development compared to resource-poor but rapidly growing East Asian countries like South Korea. The article outlines a four-stage model of export-oriented industrialization followed by East Asian nations and argues that Brazil's autarkic development policies, focused on self-sufficiency rather than trade, led heavy industries to mature more slowly and unevenly. As a result, Brazil's economic growth has lagged, inequality has increased sharply, and the resource-rich frontier regions like the Amazon have remained underdeveloped.
Detailed Information
| Author: | ['Ces Porta'] |
|---|---|
| Publication Year: | 2022 |
| Pages: | 17 |
| Language: | English |
| Format: | |
| Price: | FREE |
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