Market failures faced by private firms in developing countries such as Brazil may be alleviated when they enter international markets. Extra revenue from exports may provide more funds for investment, especially for small and medium sized enterprises (SMEs). So far, evidence of this has been limited, but recent research suggests that exports may enhance development for private … [Read more...] about Do exports mitigate market failures in Brazil?
In the first quarter of 2017, global trade experienced an uptick in the value of goods being traded. This rise, the first since 2014, is the result of higher commodity prices and slightly stronger demand from emerging economies. Prior to this – between the great recession and 2014 – global trade expanded robustly both in terms of value and volume. This volatility in global … [Read more...] about Staying afloat? Opportunities in the Maritime Transport Sector in the Americas
How can we promote export growth and diversification? This is a perennial question for policymakers around the world, especially in developing countries. What type of exporters should we promote? Should we care about all potential exporters or only those of a particular size? If we frame our thinking in terms of size, then the existing trade literature provides some answers … [Read more...] about The Origin and Dynamics of Export Superstars
Imagine that in 1975, or some other time before the advent of the Internet, you wished to know the name of Isaac Newton's dog. Your only option would have been to go to a large library and start reading all of Newton's biographies one by one, crossing your fingers and hoping that one of his biographers would have been sufficiently interested in canine affairs as to mention … [Read more...] about Islands of Value: looking beyond disruption
Over the last month, news on the Brazilian energy sector revolved around two mega-operations involving Chinese capital: the purchase of CPFL by the State Grid Corporation of China and that of Duke Energy by the China Three Gorges Corporation (CTG). These investments have increased the standing of the two companies in their respective areas: State Grid now distributes 20% of … [Read more...] about The interest of Chinese Electricity Companies in Brazil