This chapter analyses the case of Brazil to show how its recent development experience both confirms and defies the expectations of Prebisch’s theory. Brazil has become one of the largest and most competitive agricultural exporters in the world. This has been translated into political influence on the global stage and enabled it to secure prominent roles in global economic governance. Contrary to Prebisch’s expectations, agriculture has provided an important source of economic growth and development. Yet in accordance with Prebisch’s theory, technological innovation has played a critical role in Brazil’s development – although not in manufacturing but in agriculture.
|Title of host publication||The Global Political Economy of Raúl Prebisch|
|Editors||Matias E. Margulis|
|Place of Publication||New York|
|Publication status||Published - 7 Mar 2017|
|Name||RIPE Series in Global Political Economy|