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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The structure and competitiveness of the Brazilian capital goods industry

This article analyses changes in the structure and competitiveness of the Brazilian capital goods industry since the early 1990s and proposes a classification within that industry based on the different industrial segments from which the demand for machinery and equipment derives. Although this industry still accounts for a large share of manufacturing sector value added, the production efficiency and international competitiveness of the segments it comprises are quite heterogeneous. The article singles out the segments with the greatest development potential and suggests measures that could be taken in each of them to complement the industrial and technology policy instruments contained in the Production Development Policy officially established in May 2008.

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