by Marcelo Curado
China’s economic rise has caused a radical change in the operating conditions of the capitalist system and opened a wide range of opportunities and challenges for Brazil’s development. The Brazilian productive structure is going through great changes, key among them being the loss of importance of the manufacturing industry in job creation and in total GDP, and the efforts of Brazilian capitalists to promote investment and innovation have fallen short. The latter is a key element for an understanding of Brazilian industry’s weak participation in the highly competitive international scene. These opportunities and challenges can only be adequately addressed by the maintenance and expansion of the planning efforts of the state.
