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to resolve the competitiveness challenge by relying on outdated 1960s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
http://www.theglobalist.com/donald-trump-brazil-and-import-substitution-united-states/
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