Industria brasilera

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Macro/Micro interactions : Economic and Institutional Uncertainties and Structural Change in Brazilian Industry

The objective of this paper is to associate structural changes in industry to a long period of persistent economic and institutional uncertainties in Brazil. The analysis of adaptation strategies, capabilities and performance of firms is taken up in search for common features of those capable of developing adequate response to uncertainty. The evolution of indicators related to sector of origin, size and ownership of firms, among others, are taken into account in order to stylise emerging trends in morphological and structural features of industry. This retrospective analysis, covering the period 1982-97, will provide the basis for an exploratory assessment on how the future evolution of the Brazilian economy may be influenced by observed changes in its microeconomic structure.2