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Having no knowledge of Brazilian politics, I wonder which is the chicken and which is the egg? Does TecToy initially come about because of the tariffs, which it
by smogcutter 10y ago
Having no knowledge of Brazilian politics, I wonder which is the chicken and which is the egg? Does TecToy initially come about because of the tariffs, which it then has an incentive to perpetuate, or is TecToy politically connected from the start?
Seems like a difficult problem to get out of, once you start down the path of protectionism. The tariffs likely slow growth overall, but remove them and you risk killing a homegrown industry if it can't compete.
- danielrpa 10y agoThe tariffs have existed for more than 30 years. Companies like TecToy exist because of the tariff, initially created to encourage the creation of brazilian tech companies. All these years later, and the best the companies can do is to copy foreign technology.