"Live Players" with Samo Burja and Erik Torenberg

Brazil: A Country of the Future?

5 snips
Jul 21, 2024
Samo Burja and Erik Torenberg discuss Brazil's missed industrialization opportunities due to high crime rates, corruption, and political dysfunction, comparing it with successful countries like China and Japan. They emphasize the importance of strategic government interventions for economic growth, including leveraging global supply chains and implementing technocratic policies. The podcast also explores Brazil's potential futures and the challenges faced in replicating successful governance models from other regions.
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INSIGHT

Huge Natural Advantages

  • Brazil has vast natural resources, a huge population, and favorable geography that should support industrialization.
  • Those fundamentals make its long-term potential notable despite current underperformance.
INSIGHT

Crime Undermines Industrialization

  • Brazil combines cheap labor with very high crime and organized criminal activity that undermines productivity.
  • This security dysfunction is a major barrier to broad industrial development.
INSIGHT

Dysfunctional Checks And Balances

  • Brazil's democratic checks and balances are highly discoordinated, producing stalemate rather than effective reform.
  • This lack of coherent technocratic governance prevents decisive policy for industrial growth.
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