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The curious case of Brazil’s closedness to trade (Canuto et al.)

The curious case of Brazil’s closedness to trade by Otaviano Canuto, Cornelius Fleischhaker, Philip Schellekens published by VOXEU (1/2015).

While 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 GDP. This column argues that this cannot be explained simply by the size of Brazil’s economy. Rather it is due to a reliance on domestic value chain integration as opposed to participation in global production networks. Greater trade openness could produce efficiency gains and help Brazil address its productivity and competitiveness challenges.

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