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DeRezende. “The impact of sector-specific and economy-wide policy reforms on the agricultural sector (2004)
| Content Provider | CiteSeerX |
|---|---|
| Author | Helfand, Steven M. Rezende, Gervásio Castro De |
| Description | In Brazil: 1980-98,” Contemporary Economic Policy The Brazilian economy began a process of restructuring in the 1990s as a result of dramatic changes in economic policy. The policies associated with the import substitution industrialization (ISI) model were abandoned and the country initiated a process of shaping a new path of development. Trade was liberalized, state owned enterprises privatized, domestic markets deregulated, and a South American Common Market (MERCOSUL) formed. The extent of the reforms was profound. Nominal tariff rates for the 16 principal industrial sectors, for example, fell from an average of 105 % in the late 1980s down to 13 % in the 1994-97 period.1 The agricultural sector was no exception. A transition took place from an agricultural policy regime designed for a closed economy with substantial state intervention to a new regime tailored to an open economy and a curtailed role of the state.2 In this paper we analyze the impact of the policy reforms, and of the changing macroeconomic conditions, on the agricultural sector in Brazil. We emphasize four aspects of the reform period that were either unexpected or not given sufficient attention by authors writing prior to the reforms. The first issue relates to the importance that events outside of the agricultural sector have not only for the performance of the sector but also for the timing and |
| File Format | |
| Language | English |
| Publisher Date | 2004-01-01 |
| Access Restriction | Open |
| Subject Keyword | Economic Policy Dramatic Change Brazilian Economy Policy Reform Principal Industrial Sector Domestic Market New Path Substantial State Intervention First Issue Open Economy Economy-wide Policy Reform 1994-97 Period Reform Period Sufficient Attention South American Common Market New Regime Import Substitution Industrialization Agricultural Policy Regime Curtailed Role Closed Economy Macroeconomic Condition Nominal Tariff Rate Agricultural Sector |
| Content Type | Text |
| Resource Type | Article |
