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Brazil had government incentives for fomenting the national industry as well as high taxation to deter imports. Nowadays only the high taxes remain (effectivel
by hcarvalhoalves 2y ago
Brazil had government incentives for fomenting the national industry as well as high taxation to deter imports.
Nowadays only the high taxes remain (effectively a 100% tax), the current government is trying to implement new incentives to rebuild the national industry though.
Also, I feel Mexico by being under strong influence of the US has been kind of sabotaged economically, while Brazil together with neighboring countries tried to develop a local market (MercoSul).