- EAN13
- 9789264290518
- Éditeur
- "Éditions OECD"
- Date de publication
- 26/04/2018
- Collection
- Économie
- Langue
- anglais
- Fiches UNIMARC
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Aide EAN13 : 9789264290518
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34.99
Strong growth and remarkable social progress over the past two decades have
made Brazil one of the world’s leading economies, despite the deep recession
that the economy is now emerging from. However, inequality remains high and
fiscal accounts have deteriorated substantially, calling for wide-ranging
reforms to sustain progress on inclusive growth. A better focus of social
expenditures towards the poor would reduce inequality and ensure
sustainability of public debt at the same time. This will require difficult
political choices, particularly in pensions and social transfers. Reducing
economic transfers to the corporate sector, in conjunction with more
systematic evaluations of public expenditure programmes, will strengthen
growth, improve economic governance and limit the future scope for rent
seeking and political kick-backs. Maintaining the growth potential of the
economy requires stronger investment, which could also raise productivity and
concomitantly, the scope for future wage increases. Simplifying taxes,
reducing administrative burdens and streamlining licensing would raise
investment returns, while stronger competition could generate new investment
opportunities in thriving, high-performing enterprises. At the same time,
trade barriers shield enterprises from global opportunities and foreign
competition. Fostering a stronger integration into global trade would allow
firms to become more competitive and generate new export opportunities.
SPECIAL FEATURES: STRENGTHENING INVESTMENT AND INFRASTRUCTURE; FOSTERING
INTEGRATION INTO THE WORLD ECONOMY
made Brazil one of the world’s leading economies, despite the deep recession
that the economy is now emerging from. However, inequality remains high and
fiscal accounts have deteriorated substantially, calling for wide-ranging
reforms to sustain progress on inclusive growth. A better focus of social
expenditures towards the poor would reduce inequality and ensure
sustainability of public debt at the same time. This will require difficult
political choices, particularly in pensions and social transfers. Reducing
economic transfers to the corporate sector, in conjunction with more
systematic evaluations of public expenditure programmes, will strengthen
growth, improve economic governance and limit the future scope for rent
seeking and political kick-backs. Maintaining the growth potential of the
economy requires stronger investment, which could also raise productivity and
concomitantly, the scope for future wage increases. Simplifying taxes,
reducing administrative burdens and streamlining licensing would raise
investment returns, while stronger competition could generate new investment
opportunities in thriving, high-performing enterprises. At the same time,
trade barriers shield enterprises from global opportunities and foreign
competition. Fostering a stronger integration into global trade would allow
firms to become more competitive and generate new export opportunities.
SPECIAL FEATURES: STRENGTHENING INVESTMENT AND INFRASTRUCTURE; FOSTERING
INTEGRATION INTO THE WORLD ECONOMY
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