How can Brazil compete globally?

Resumo

Protecting industry from international competition is a barrier to the competitiveness of Brazilian exporters, experts at the IBRE seminar on “The Challenges of Competitiveness” contended. Among the other problems they identified were lagging labor productivity, a lack of investment in fixed capital and innovation, and legal and regulatory uncertainty for investors. One solution proposed? Brazil must build an entirely new tax system. Kalinka Iaquinto reports.