The paper analyses the origins of import substitution from the early days of the Republic in the 1890s to 1930 and proposes an original explanation to conciliate high protection and a high growth path. The golden age period of import substitution in Brazil from the 1930s until the early 1960s is...

The paper examines the Brazilian core coffee export economy from the 1880s to 1930. Analysis is centered on coffee because of its dominant role in the Brazilian economy and to the persistent high share of Brazilian exports in the world market, which has allowed Brazil to exploit its market...