The Curious Case of Brazil's Closedness to Trade

Although Brazil has become one of the largest economies in the world, it remains among the most closed economies as measured by the share of exports and imports in gross domestic product. This feature cannot be explained simply by the size of Brazi...

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Bibliographic Details
Main Authors:	Canuto, Otaviano, Fleischhaker, Cornelius, Schellekens, Philip
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	EXPORT VALUE PROTECTIONIST MEASURES INVESTORS VALUE ADDED OPPORTUNITY COST CLOSED ECONOMIES URBANIZATION PRODUCTION INTERNATIONAL TRADE LAGS BARRIERS FINANCIAL CRISIS INCOME VALUE COMPETITIVENESS IMPORT VALUES TRADE BARRIERS MACROECONOMICS PURCHASING POWER EXCHANGE COMPARATIVE ADVANTAGES GDP PER CAPITA PROTECTIONIST DOMESTIC MARKET EXPORTS EXPORTERS ECONOMIC STRUCTURE INTERMEDIATE GOODS WORLD DEVELOPMENT INDICATORS DEVALUATION DISTRIBUTION VARIABLES OPENNESS TRADE OPENNESS TRANSACTION COSTS INPUTS TRADE SURPLUS SMALL COUNTRY ACTUAL VALUE EXPORT BASE PROTECTIONISM INTERNATIONAL BANK CLOSED ECONOMY SKILLED LABOR CAPITAL GOODS PRODUCTION PROCESS TRADE PUBLIC POLICY GDP GOODS COST REDUCTIONS ECONOMIES OF SCALE GLOBAL ECONOMY NATURAL RESOURCE DEVELOPMENT ECONOMICS DOMESTIC PRODUCTION SHARE MEASURE OF TRADE PRIVATE INVESTORS GLOBALIZATION WTO POLICY RESEARCH EXCHANGE RATE OPEN ECONOMY ACCESS INCOME LEVELS IMPORTS TRADE POLICY COMMODITY PRICES COMMODITY GROSS DOMESTIC PRODUCT AVERAGE TRADE PRICES DEVELOPMENT POLICY
Online Access:	http://documents.worldbank.org/curated/en/2015/04/24261200/curious-case-brazils-closedness-trade http://hdl.handle.net/10986/21840

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Summary:	Although Brazil has become one of the largest economies in the world, it remains among the most closed economies as measured by the share of exports and imports in gross domestic product. This feature cannot be explained simply by the size of Brazils economy. Rather, it is due to an economic structure reliant on domestic value chain integration as opposed to participation in global production networking. It also reflects more generally an export base that shows lack of dynamism. Opening up and moving toward integration into global value chains could produce efficiency gains and help Brazil address its productivity and competitiveness challenges.

The Curious Case of Brazil's Closedness to Trade

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