Brazil: Restoring Economic Growth Through Economic Freedom
By James M. Roberts, Mark Schreiber and Derek Scissors, Ph.D.September 20, 2012
Abstract: Brazil is the world’s fifth-largest country, Latin America’s largest economy, and an important trading partner for the U.S. The Brazilian government dominates many areas of the country’s economy, undercutting development of a more vibrant private sector, and Brazil’s four-year growth average of 4 percent has recently weakened. Government expenditures consume more than 40 percent of GDP. The pace of Brazil’s regulatory reform has slowed, and the tax burden is much heavier than in many other emerging economies. Corruption is high, private property rights are insecure, and the judicial system remains vulnerable to political influence. Brazil needs more economic freedom, and the government should eliminate barriers to entrepreneurial activity—burdensome taxes, inefficient regulation, flaws in long-term financing, and continuing government-created rigidities in the labor market.
Mais
Mais
Nenhum comentário:
Postar um comentário