Trade Liberalization Since The Early Research Paper

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The historical exchange rate between the real and the dollar is as follows (source: IndexMundi):

Inflation was very high in the early 90s, then was calmed under the pegged exchange rate regime. Since the real's collapse, inflation has remained relatively high in Brazil, but has been under control. In recent years, inflation is increasing as Brazil's economy is performing well. This puts downward pressure and the real and in turn has a negative impact on the country's export-driven businesses.

I believe that the exchange rate policy has helped Brazil since the currency crisis. The price stability in the 1990s was also important but the policy at that time limited foreign direct investment to the public entities that were being privatized. In more recent years, liberalizing of the currency regime has helped to spur strong economic growth. However, as that growth has grown too large, the country has been forced to implement more controls on the real. While this protects exporters, it hurts the GDP by reducing trade in general.

Works Cited:

Bristow, M. & Soliani, A. (2011). Brazil signals no change in rate policy after cutting to 11%. Business Week. Retrieved December 3, 2011...

...

(2010). Brazil urged to remove trade barriers in telecoms. EurActiv.com. Retrieved December 3, 2011 from http://www.euractiv.com/infosociety/brazil-urged-remove-trade-barriers-telecoms-news-498136
Gabriel, S. (1999). Briefing on Brazil's economic crisis. Mt. Holyoke. Retrieved December 3, 2011 from http://www.mtholyoke.edu/courses/sgabriel/brazil.htm

Morais, R. (2005). Interview with Brazilian President Lula. Forbes. Retrieved December 3, 2011 from http://www.forbes.com/forbes/2005/0725/080sidebar4.html

No author. (2011). Brazil -- foreign trade. Encyclopedia of the Nations. Retrieved December 3, 2011 from http://www.nationsencyclopedia.com/Americas/Brazil-FOREIGN-TRADE.html

Pearson, S. (2011). China in talks with Brazil over trade barriers. Financial Times. Retrieved December 3, 2011 from http://www.ft.com/international/cms/s/0/39b6f18a-862b-11e0-9e2c-00144feabdc0.html#axzz1fVCNvoCa

Pereira, L. (no date). Brazil trade liberalization program. UNCTAD. Retrieved December 3, 2011 from www.unctad.info/upload/TAB/docs/.../brazil_study.pdf

Sources Used in Documents:

Works Cited:

Bristow, M. & Soliani, A. (2011). Brazil signals no change in rate policy after cutting to 11%. Business Week. Retrieved December 3, 2011 from http://www.businessweek.com/news/2011-12-02/brazil-signals-no-change-in-rate-policy-after-cutting-to-11-.html

EurActiv. (2010). Brazil urged to remove trade barriers in telecoms. EurActiv.com. Retrieved December 3, 2011 from http://www.euractiv.com/infosociety/brazil-urged-remove-trade-barriers-telecoms-news-498136

Gabriel, S. (1999). Briefing on Brazil's economic crisis. Mt. Holyoke. Retrieved December 3, 2011 from http://www.mtholyoke.edu/courses/sgabriel/brazil.htm

Morais, R. (2005). Interview with Brazilian President Lula. Forbes. Retrieved December 3, 2011 from http://www.forbes.com/forbes/2005/0725/080sidebar4.html
No author. (2011). Brazil -- foreign trade. Encyclopedia of the Nations. Retrieved December 3, 2011 from http://www.nationsencyclopedia.com/Americas/Brazil-FOREIGN-TRADE.html
Pearson, S. (2011). China in talks with Brazil over trade barriers. Financial Times. Retrieved December 3, 2011 from http://www.ft.com/international/cms/s/0/39b6f18a-862b-11e0-9e2c-00144feabdc0.html#axzz1fVCNvoCa


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