In the past ten years the Brazilian economy has experience an
unprecedented wave of market liberalization as import substitution
has been progressively abandoned in favour of integration into the
global economy. Trade barriers have fallen, privatizations have
been implemented, and government procurement has been cut back.
Although these policy shifts will be familiar to many, their
implications in terms of performance may not. Using a comprehensive
array of primary and secondary sources and in-depth company case
studies, this book examines how one vitally important Brazilian
industrial sector-the non-serial capital goods sector-coped with
the onset of liberalization. While liberalization undoubtedly
helped to promote greater efficiency in some areas of corporate
performance, the impact elsewhere was far less favourable. This
differentiated response raises some interesting and troubling
theoretical and policy issues.
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