This paper analyses the main effects of the Brazilian trade liberalization on the technical efficiency of the manufacturing industry and the trade pattern. The principal empirical findings suggest the following results for the 1990's: i) expressive gains in labor productivity and reduction of...

This paper discusses the possible privatization of Petrobras. It is argued that despite the economic reasons that recommend its sale, probably the prerequisites for it will not exist in the short term. The purpose of the paper is to contribute to the discussion of this proposal, through the...