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date: 29 February 2020

Abstract and Keywords

This chapter provides context and background for the Handbook. Brazil’s economic development process and challenges are discussed and analyzed in long-term perspective. Referring to subsequent chapters, the introduction highlights the structural obstacles that will need to be overcome if Brazil is to embark on a path of sustainable and inclusive growth. These include, but are not limited to, issues surrounding productivity growth, regional inequality, investment in education and infrastructure, a commodities-centered export sector, and fiscal constraints. Although these challenges are serious they should not obscure the fact that Brazil’s economy has made important strides forward in recent years. In particular, there have been real achievements relating to poverty alleviation and price stability.

Keywords: Brazil, economic development, productivity, commodities, poverty, price stability, growth

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