Industrial policy: theory and practice in Brazil and in the OECD countries
Abstract
The paper analyses the recent development of industrial and technological policies
in Brazil as compared to those adopted in the main OECD countries. The first section
sets the background, presenting a brief description of the evolution of the global economy.
The second section presents the analytical framework of the article. It argues that presently
there are four “industrial policy agendas”, derived from theoretical and political considerations
– ultra-liberal, reformist liberal, neo-developmental and social-democrat. The third
section presents the evolution of the Brazilian industrial and technological policy during
the nineties, examining in more detail the present situation. The fourth section presents the
policies pursued by the main OECD countries (the United States, Germany, Japan, and the
United Kingdom), examining their evolution and focusing on the present pattern of policies.
The last section presents the main conclusions of the paper.
JEL Classification: L52; F63; O25.
Keywords: Industrial policy trade liberalization