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AREA REPORT

Brazil's comparative advantage in the global economy

Pages 4-10 | Published online: 02 Apr 2009
 

Abstract

This paper uses factor endowment theory to determine Brazil's comparative advantage in world trade. By measuring Brazil's current endowments of minerals, land, labor, and physical capital, and comparing these with the endowments of other countries, it is possible to anticipate the structural changes in Brazil's economy should Brazil become a more open economy. The results have important implications for the Brazilian minerals and minerals processing sectors given the recent economic liberalization within the country. An earlier version of this paper was presented at the First International Symposium on Mining and Development, Campinas, Brazil, July 1995. See also RMR vol 11 No 2.

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