Brazil will not again grow between 7% and 8% annually, says economist Dani Rodrik, professor of international political economy at Harvard University and a leading expert in development economics.
According to Rodrik, the beneficial global environment — high-growth in China, high commodity prices, growth in advanced countries — will not be repeated. “It is unrealistic to expect a growth rate of 3% to 4% in Brazil,” said Rodrik, who attended yesterday’s seminar by the magazine “Carta Capital”.
According to him, the phase of high growth in the world is over. Brazil, with strong democratic institutions, is resilient. “But the country should not be overly ambitious, it needs to be careful and fiscally safe to deal with external shocks that are likely to come.”
Folha – Brazil grew 0.9% in 2012 and there is a perception that the growth model based on consumption is exhausted. What do you think?