OECD Economic Surveys Brazil Brazil.
The COVID-19 pandemic has caused severe human suffering and triggered a deep recession in Brazil. Economic policies reacted in a timely and decisive manner to the crisis, supporting millions of Brazilians. But a strong and inclusive recovery from the recession will require long-lasting improvements...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
| Publicado: |
Paris :
OECD Publishing
2020.
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| Edición: | Latest Edition |
| Colección: | OECD Economic Surveys: Brazil
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| Materias: | |
| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009704978206719 |
Tabla de Contenidos:
- Intro
- Basic statistics of Brazil, 2019
- Executive summary
- The COVID-19 outbreak has plunged the economy into a deep recession
- Raising spending efficiency is needed to address fiscal challenges
- Reviving productivity is the key for a strong recovery of incomes
- Well-designed training policies are key
- 1 Key policy insights
- The strength of the recovery will hinge on economic reforms
- COVID-19 has plunged the economy back into a long and deep recession
- The short-term prospects will depend on the health situation
- Risks are centred around the implementation of reforms and fiscal sustainability
- External vulnerabilities seem contained
- Financial soundness indicators are solid but the pandemic entails unprecedented risks
- Inflation is below target and interest rates have reached a long-time low
- The fiscal outlook has become much more challenging after COVID-19
- Fiscal adjustment will have to resume after the pandemic
- Reducing budget rigidities is key
- Improving the effectiveness of social transfers
- Managing high payroll expenses
- Reducing inefficient subsidies and tax expenditures
- Reforming taxes to boost productivity and enhance fairness
- Further social progress is possible at reasonable fiscal cost
- Strengthening the social safety net
- Improving labour market policies
- Raising the quality of education
- Fighting corruption and economic crimes
- Making economic growth greener and more sustainable
- Halting illegal deforestation in the Amazon region
- References
- 2 Raising productivity through structural reforms
- Possible sources of low productivity growth
- How can policies help to strengthen productivity growth?
- Enhancing domestic competition through reforms on product markets
- Regulatory barriers to firm entry reduce competitive pressure
- State interventions.
- Enhancing foreign competition by fostering the trade integration
- Stronger integration would boost competition, productivity and lower consumer prices
- Policy options for strengthening integration
- The structure of financial intermediation is improving
- Simplifying taxes and reducing compliance costs
- Addressing infrastructure bottlenecks
- Improving judicial efficiency
- Reducing trial length and judicial uncertainty are key to boost business activity
- Improving the organisation of courts
- Reducing the demand for litigation to mitigate court congestion
- Litigation demand strongly varies across different law areas
- The legal industry has strongly expanded in recent years and is highly protected
- Alternative dispute resolution mechanisms
- References
- 3 Improving skills to harness the benefits of a more open economy
- Policies can help to make trade work for all
- Gauging the effects of stronger integration into the global economy
- A look at local labour markets
- The reallocation of workers within sectors
- The reallocation of workers across sectors
- Targeted training can make a real difference
- Improving professional training policies
- Aligning training supply with labour market demands is key
- Current plans draw lessons from past weaknesses, but should go further
- Improving education policies
- Access to education has increased, but education quality is still weak
- Improving the quality of basic education
- Preparing low-skilled adults for the challenges of the future
- Improving access to vocational education and apprenticeships
- Improving access and quality in tertiary education
- References.
