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	<title>Comments on: Brazil: Latin America’s Big Success Story?</title>
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	<description>Global Perspectives on Finance, Development, and Environment</description>
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		<title>By: Ilene Grabel</title>
		<link>http://triplecrisis.com/brazil-latin-americas-big-success-story/comment-page-1/#comment-317</link>
		<dc:creator>Ilene Grabel</dc:creator>
		<pubDate>Wed, 07 Apr 2010 15:29:23 +0000</pubDate>
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		<description>It has been quite heartening to see that Brazil has exploited policy space in such a creative way in the case of the USA, the WTO and intellectual property rights. The country’s experience in using intellectual property rights as a bargaining chip may be worth considering in other country contexts. See the article below for a brief discussion of this matter.
http://www.nytimes.com/2010/04/07/business/07trade.html?scp=1&amp;sq=brazil%20intellectual%20property%20rights&amp;st=Search


http://www.nytimes.com/2010/04/07/business/07trade.html?scp=1&amp;sq=brazil%20intellectual%20property%20rights&amp;st=Search</description>
		<content:encoded><![CDATA[<p>It has been quite heartening to see that Brazil has exploited policy space in such a creative way in the case of the USA, the WTO and intellectual property rights. The country’s experience in using intellectual property rights as a bargaining chip may be worth considering in other country contexts. See the article below for a brief discussion of this matter.<br />
<a href="http://www.nytimes.com/2010/04/07/business/07trade.html?scp=1&amp;sq=brazil%20intellectual%20property%20rights&amp;st=Search" rel="nofollow">http://www.nytimes.com/2010/04/07/business/07trade.html?scp=1&amp;sq=brazil%20intellectual%20property%20rights&amp;st=Search</a></p>
<p><a href="http://www.nytimes.com/2010/04/07/business/07trade.html?scp=1&amp;sq=brazil%20intellectual%20property%20rights&amp;st=Search" rel="nofollow">http://www.nytimes.com/2010/04/07/business/07trade.html?scp=1&amp;sq=brazil%20intellectual%20property%20rights&amp;st=Search</a></p>
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		<title>By: Kevin P. Gallagher</title>
		<link>http://triplecrisis.com/brazil-latin-americas-big-success-story/comment-page-1/#comment-214</link>
		<dc:creator>Kevin P. Gallagher</dc:creator>
		<pubDate>Tue, 30 Mar 2010 21:02:00 +0000</pubDate>
		<guid isPermaLink="false">http://triplecrisis.com/?p=354#comment-214</guid>
		<description>A nice counter to the fanfare on Brazil, not least the WSJ feature on Brazil yesterday.  Yet, there are also things that Brazil is doing that are contributing to growth and development that the mainstream wouldn&#039;t dare admit and that we shouldn&#039;t concede.  The revival of industrial policy and the reinvigoration of BNDES are unrivaled in Latin America.  Venezuela, Bolivia, and Argentina have had a short-sighted view on diversification and long run growth by fueling social programs through debt (or deferring debt payment) or skimming off commodity booms.  I think the better comparisons for Brazil are India, China and South Africa.  China of course is doing much better in terms of macro-economic stability (for now!) industrial policy, and poverty alleviation--but they are not democratic.  I dare say Brazil holds up pretty well versus India and South Africa on those fronts--two other countries who still focus on endogenous development.  Also,  1.5 percent Current Account deficit is hardly South Africa&#039;s--which has been well over five percent.  And if the Bank of the South models itself after the new BNDS it could be great, but it could also look a lot like the IDB...Two cents..</description>
		<content:encoded><![CDATA[<p>A nice counter to the fanfare on Brazil, not least the WSJ feature on Brazil yesterday.  Yet, there are also things that Brazil is doing that are contributing to growth and development that the mainstream wouldn&#8217;t dare admit and that we shouldn&#8217;t concede.  The revival of industrial policy and the reinvigoration of BNDES are unrivaled in Latin America.  Venezuela, Bolivia, and Argentina have had a short-sighted view on diversification and long run growth by fueling social programs through debt (or deferring debt payment) or skimming off commodity booms.  I think the better comparisons for Brazil are India, China and South Africa.  China of course is doing much better in terms of macro-economic stability (for now!) industrial policy, and poverty alleviation&#8211;but they are not democratic.  I dare say Brazil holds up pretty well versus India and South Africa on those fronts&#8211;two other countries who still focus on endogenous development.  Also,  1.5 percent Current Account deficit is hardly South Africa&#8217;s&#8211;which has been well over five percent.  And if the Bank of the South models itself after the new BNDS it could be great, but it could also look a lot like the IDB&#8230;Two cents..</p>
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		<title>By: Matías Vernengo</title>
		<link>http://triplecrisis.com/brazil-latin-americas-big-success-story/comment-page-1/#comment-212</link>
		<dc:creator>Matías Vernengo</dc:creator>
		<pubDate>Tue, 30 Mar 2010 19:59:49 +0000</pubDate>
		<guid isPermaLink="false">http://triplecrisis.com/?p=354#comment-212</guid>
		<description>Just two things prompted by Mark Weisbrot&#039;s comments. The rate of growth for Argentina and Venezuela include 2009.  Also, no intended negative connotation was meant by union boss.</description>
		<content:encoded><![CDATA[<p>Just two things prompted by Mark Weisbrot&#8217;s comments. The rate of growth for Argentina and Venezuela include 2009.  Also, no intended negative connotation was meant by union boss.</p>
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		<title>By: Matthias</title>
		<link>http://triplecrisis.com/brazil-latin-americas-big-success-story/comment-page-1/#comment-204</link>
		<dc:creator>Matthias</dc:creator>
		<pubDate>Tue, 30 Mar 2010 11:54:32 +0000</pubDate>
		<guid isPermaLink="false">http://triplecrisis.com/?p=354#comment-204</guid>
		<description>&quot;But that is a small consolation for those who had big expectations for Lula’s government.&quot;

Well, I think  that is because those who had great expectations were those who hoped to elect a Messiah, rather than a four-year term President in a democratic society. Electing a President in Brazil does not give carte blanche to override constitutional checks and balances. Lula faced a conservative Judiciary, and held a minority in Congress. Lula ostensibly chose a gradualist approach to governance and I believe this is what explains that after eight years in power, he enjoys 75% approval ratings and is particularly popular in the lower and middle classes. This gradualist approach pretty much disarmed both the extremely reactionary right-wing parties -- which until then had kept the population in utter fear of the &#039;red&#039;, &#039;baby-eating&#039; Lula -- and the moderate right-wing social democrats. Lula&#039;s opposition is still trying to understand how, despite corruption scandals and an openly opposition  media, the man is so popular.

These political constraints are not to say that nothing could have been done better. They always can. But you do not correct centuries of social injustice by presidential decree. Poverty rates have consistently fallen -- thanks to bolsa familia, reduced unemployment, and increased national minimum salary -- even if it is true that taxation is still very regressive, and is levied mostly on employees, and consumer goods. Brazil still has a long way to go, but improving things without flirting with populism is a great challenge that the Lula administration has met remarkably well.

Comparisons to Argentina and Venezuela are not particularly helpful, I think. Argentina might be growing at a greater rate, but it has just managed to reach the GDP levels it had in 2000. According to WB data Argentina&#039;s GDP in 2008 was 15% higher than it was in 2000 (current US$). Brazil&#039;s GDP is , 150% higher than it was in 2000. Granted, GNI per capita (US$ PPP)is 58% higher in Argentina, compared to 47% in Brazil, but this has a lot more to do with demographics than it has to do with economic growth. Venezuela, on the other hand, doesn&#039;t have an extremely diversified economy, and oil price hikes have certainly helped it grow. Don&#039;t know if its a good parameter for comparisons.

As a Brazilian I agree that more should have been done, but I refuse to draw a negative balance, or to feel disappointed with what was -- with no doubt -- the most transformative government of the last fifty odd years in Brazil. It&#039;s not all gloom.</description>
		<content:encoded><![CDATA[<p>&#8220;But that is a small consolation for those who had big expectations for Lula’s government.&#8221;</p>
<p>Well, I think  that is because those who had great expectations were those who hoped to elect a Messiah, rather than a four-year term President in a democratic society. Electing a President in Brazil does not give carte blanche to override constitutional checks and balances. Lula faced a conservative Judiciary, and held a minority in Congress. Lula ostensibly chose a gradualist approach to governance and I believe this is what explains that after eight years in power, he enjoys 75% approval ratings and is particularly popular in the lower and middle classes. This gradualist approach pretty much disarmed both the extremely reactionary right-wing parties &#8212; which until then had kept the population in utter fear of the &#8216;red&#8217;, &#8216;baby-eating&#8217; Lula &#8212; and the moderate right-wing social democrats. Lula&#8217;s opposition is still trying to understand how, despite corruption scandals and an openly opposition  media, the man is so popular.</p>
<p>These political constraints are not to say that nothing could have been done better. They always can. But you do not correct centuries of social injustice by presidential decree. Poverty rates have consistently fallen &#8212; thanks to bolsa familia, reduced unemployment, and increased national minimum salary &#8212; even if it is true that taxation is still very regressive, and is levied mostly on employees, and consumer goods. Brazil still has a long way to go, but improving things without flirting with populism is a great challenge that the Lula administration has met remarkably well.</p>
<p>Comparisons to Argentina and Venezuela are not particularly helpful, I think. Argentina might be growing at a greater rate, but it has just managed to reach the GDP levels it had in 2000. According to WB data Argentina&#8217;s GDP in 2008 was 15% higher than it was in 2000 (current US$). Brazil&#8217;s GDP is , 150% higher than it was in 2000. Granted, GNI per capita (US$ PPP)is 58% higher in Argentina, compared to 47% in Brazil, but this has a lot more to do with demographics than it has to do with economic growth. Venezuela, on the other hand, doesn&#8217;t have an extremely diversified economy, and oil price hikes have certainly helped it grow. Don&#8217;t know if its a good parameter for comparisons.</p>
<p>As a Brazilian I agree that more should have been done, but I refuse to draw a negative balance, or to feel disappointed with what was &#8212; with no doubt &#8212; the most transformative government of the last fifty odd years in Brazil. It&#8217;s not all gloom.</p>
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