Industrial policy and economic development: a review of the contemporary debate.

Vol. 34 No. 1 (2014)

Jan-Mar / 2014
Published January 1, 2014
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Arruda Coronel, Daniel, André Filipe Zago de Azevedo, and Antônio Carvalho Campos. 2014. “Industrial Policy and Economic Development: A Review of the Contemporary Debate.”. Brazilian Journal of Political Economy 34 (1):103-19. https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/263.

Industrial policy and economic development: a review of the contemporary debate.

Daniel Arruda Coronel
Professor Adjunto do Programa de Pós-Graduação em Administração da Universidade Federal de Santa Maria (UFSM) e Doutor em Economia Aplicada pela Universidade Federal de Viçosa (UFV).
André Filipe Zago de Azevedo
Professor Titular do Mestrado em Economia da Universidade do Vale do Rio dos Sinos (UNISINOS) e Bolsista de Produtividade do Conselho Nacional de Desenvolvimento Científico e Tecnológico (CNPq).
Antônio Carvalho Campos
Professor Titular do Programa de Pós-Graduação em Economia Aplicada da UFV e Bolsista de Produtividade do CNPq.
Brazilian Journal of Political Economy, Vol. 34 No. 1 (2014), Jan-Mar / 2014, Pages 103-119

Abstract

Industrial policy and economic development: a review of the contemporary debate. This paper discusses the importance of the industrial policy for the Brazilian economic development. It presents the theoretical foundations and the main international experiences about this theme. Besides it examines the main industrial policies adopted in Brazil, especially in recent years. Based on this discussion, it is possible to note that despite the criticisms against this policy, they were widely used by many developed countries in the past and also played an important role, contributing to increase the industrial growth in Brazil. However, the recent Brazilian industrial policies were not so efficient, especially when compared with those adopted during most of the XX century. 

JEL Classification: L16; O14.


Keywords: industrial policy economic development Brazilian economy