CEPAL Review

Cepal Review is the leading journal for the study of economic and social development issues in Latin America and the Caribbean. Edited by the Economic Commission for Latin America, each issue focuses on economic trends, industrialization, income distribution, technological development and monetary systems, as well as the implementation of economic reform and transfer of technology. Written in English and Spanish (Revista de la Cepal), each tri-annual issue offers approximately 12 studies and essays undertaken by authoritative experts or gathered from conference proceedings.

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Industrial competitiveness in Brazil ten years after economic liberalization

This article examines the nature and extent of the changes in Brazilian industry after ten years of economic liberalization The article demonstrates that most structural features of Brazilian industry remain unchanged except in the management of production processes and in the ownership structure of firms, as rationalization and inward internationalization became generalized processes. Brazil may face a development paradox in the years to come. History suggests that local capital and innovation capabilities have been outstanding features of countries successful in achieving sustained economic development. If internationalization of ownership is to remain and local innovation capabilities are to be pursued, then Brazilian private and public policy makers must depart from established policy practices and seek new ways of regulating and inducing firms towards local value creation.

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