Article

Industrial Policy and Economic Transformation

Luciano Coutinho, João Carlos Ferraz, André Nassif and Rafael Oliva

in The Oxford Handbook of Latin American Political Economy

Published in print May 2012 | ISBN: 9780199747504
Published online November 2012 | | DOI: http://dx.doi.org/10.1093/oxfordhb/9780199747504.013.0004

Series: Oxford Handbooks

 Industrial Policy and Economic Transformation

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This article discusses the relevant role of industrial policies in economic development. Taking Brazil as a case study, it analyzes the implementation process of an industrial policy, in particular, issues associated with institutional coordination and policy management. The article culminates with an evaluation of whether the Brazilian Industrial Policy, the Política de Desenvolvimento Produtivo (PDP), is starting to contribute to the economic transformation of the country. The analysis of the Brazilian PDP focuses on two main issues. First, it analyzes, in detail, the PDP's aims, reach, and instruments. Second, it examines the PDP's effectiveness, that is, the extent to which and how policy propositions were implemented in Brazil.

Keywords: Brazil; industrial policy; economic development; economic policy; institutional coordination

Article.  14006 words. 

Subjects: Economics ; Public Economics ; Economic Development and Growth

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