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Friday, January 20, 2017

Trump Goes Brazil: Import Substitution on His Mind

Trump Goes Brazil: Import Substitution on His Mind

Is the new US President really trying to resolve the competitiveness challenge by relying on outdated 1960s style, Brazilian economic concepts?

Takeaways

  • Trump’s “patriotic” approach is a recipe for a mediocre future of the U.S. manufacturing sector.
  • There isn’t an easy way to get to manufacturing “heaven” – a productive economy that generates solid jobs.
  • Trump may now preside over the world’s largest economy. But shooting for import substitution is (still) futile
In choosing a cure to the U.S.’s economic problems, president-elect Donald Trump seems determined to apply a well-known Latin American medicine, the strategy of import substitution.
http://www.theglobalist.com/donald-trump-brazil-and-import-substitution-united-states/

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