出版社：Fundação Getulio Vargas, Escola de Pós-Graduação em Economia
摘要：This article discusses the convenience of adopting industrial policy in Brazil. We argue that
the success of East Asian countries, usually explained by industrial policy, is mainly result of
horizontal policies. We also show that there are not theoretical or empirical foundations in
most of the arguments used to justify industrial policy and that industrial policy must be
motivated by market failures. We briefly discuss what market failures theoretically justify
industrial policy, what the empirical relevance of these failures and what the most adequate
instruments to be used in case of public intervention. From this perspective, we analyze the
Brazilian industrial policy, such as described in Brasil (2003). Finally, we conclude that
horizontal policies, besides to be less subject to the influence of self-interested groups, have
more potential to foster Brazilian growth.
关键词：Política Industrial, Inova..o, Falhas de Mercado, Brasil, Crescimento.
