This paper argues that the Brazilian economy went recently through a process of accelerated growth driven by exports and fixed capital formation. Although the pace of growth was more robust than in the 1990 decade, we can still see the presence of macroeconomic constraints to its continuation in...

On March, 2011 the signing of the Treaty of Assunción by Argentina, Brazil, Paraguay and Uruguay celebrated its 20th anniversary. Preferential trade agreements that create "joint economic spaces" might be seen as useful tools to promote economic development. This article discusses to what...

By exploring the implications of a Multi-Sector Thirlwall’s Law, this paper reports empirical exercises that contribute to an understanding of the relationship between structural change, external constraint and growth in Brazil in the 1962-2006 period. Given the sectoral nature of these...

The increasing openness to international trade during the second half of the XXth century is an inescapable feature in the development of the Portuguese economy. Despite having been hit by several crises in its Balance of Payments over the century, Portugal did not suffer, apparently, from...

Milk is one of the few agricultural products in which Brazil is not competitive. The domestic market is served by domestic production and imports from Argentina and Uruguay. The Mercosur-European Union bi-regional Association Agreement predict the elimination of tariffs and the harmonization of...

Milk is one of the few agricultural products in which Brazil is not competitive. The domestic market is served by domestic production and imports from Argentina and Uruguay. The Mercosur-European Union bi-regional Association Agreement predict the elimination of tariffs and the harmonization of...