This study seeks to identify the determinants of Brazil's favourable export performance until the mid-1980s, especially in the field of manufactured goods. Two hypotheses figure prominently in the analysis. The export success may be due to Brazil's specialization in industries which made intensive use of the country's relatively abundant productive factors. Alternatively, economic policies may be responsible for the success in manufactured exports.
Table of Contents
"list of Tables – Abbreviations and Acronyms – Preface -- I. Introduction -- II. Industrialization Strategy, Trade Policy, and Exchange-Rate Regime (1. The Period before World War II 2. Industrialization through Import Substitution, 1946-1963 3. Towards Opening the Economy, 1964-1973 4. The Oil Crises and the Return to Import Substitution, 1974-1979-- 5. The Balance-of-Payments Constraint since 1979) -- III. The Development of Brazilian Exports, 1965-1982 (1. Overall Export Performance 2, Export Performance by Goods and Regions 3, The Relevance of Demand for Export Expansion 4. Brazil's Manufactured Export Supply: Some Hypotheses) -- IV. Comparative Advantage, Economic Policy, and Export Performance (1. Brazil's Revealed Comparative Advantages in Different
Markets 2. Factor Intensity and Export Performance of Brazilian Industries 3. Economic Policy and Brazil's Manufactured Export Performance a. Remarks on the Relevance of Economic Policy b. Overall Competitiveness and Real Exchange Rates c. Incentives to Exports and Import Protection) -- V. Export Performance at the Firm Level: Major Characteristics of Exporting Firms as Possible Determinants (1. The Relevance of Policy Discrimination 2. A Comparison of Exporting and Non Exporting Firms in the Manufacturing Industry of Brazil 3. Regression Results and Open Questions) -- VI. Recent Policy Changes and Trends in World Trade (1. Trade Policies and New Trade Arrangements 2. The Episode of the Cruzado-Plan 3. World Trade, Rising Protectionism, and the New GATT-Round) -- VII. Summ.ary and Conclusions (Appendix 1. Export Expansion and Economic Growth: The Brazilian Case 2. Appendix Tables) – References."