ABSTRACT
The record of Brazilian industrial growth and structural change up to the late 1970s, when looked at in a long-run perspective, seems quite impressive. Between the end of the Second World War and 1980, industrial output in Brazil grew at an average annual rate of nearly 8 per cent, while world industrial production rose at only about 5 per cent. Given Brazil’s relatively large economic size, her share in total manufacturing value added of world market economies in 1980 reached 3.2 per cent, the sixth largest manufacturing sector of the capitalist world.1
