Texto para Discussão, Instituto de Pesquisa Econômica Aplicada (IPEA) 1828
The article aims at helping to provide a conceptual framework for the Brazilian debate on economic development strategies. It designs a strategy on the basis of the idea of the existence of three demand-led growth fronts, or three engines of investment: mass consumption, natural resources and infrastructure. The article stresses the relevance of putting into action two turbo-chargers of these three engines of investment; namely technological innovation and the recuperation of traditional productive chains. Finally, the author argues that this formula can be a viable long term pattern of economic growth, analogous to that which occurred in the past as a result of industrialization.
development strategies expansion fronts mass consumption natural resources infrastructure