Sep 23, 2012

Brazil Graph of the Day (Ref. Manufacturing)

That is from the new working paper by Arbache, "Is Brazilian Manufacturing Losing its Drive?" (September 2012). The paper has other interesting graphs comparing different measures of manufacturing growth in different countries. I was surprised to see the majority of countries in the sample with negative growth in the 2000-2011 period, with the exceptions of Saudi Arabia, Argentina, Thailand, and South Korea. At least I thought that Mexico would have a positive rate, but I guess this suggest the large effect that the financial crisis has had around the world. 
Arbache's paper focuses on showing the reduction in the manufacturing sector in Brazil and on the policies to invigorate it. 
The position of the US in the graphs above is telling. For a good discussion on the US manufacturing sector see this recent post in Marginal Revolution

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