Summary: Premature Dindustrialization Of The Brazilian Economy

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Urged by economic instability and global competitors, companies seek ways to become more efficient
In a time of economic turmoil, falling demand, and fierce competition, the route to business survival requires maximized efficiency and reduced costs in a sustainable way. No wonder, the ABM WEEK 2016 plenary "How to be more productive?" aroused great interest among the audience.
The session was coordinated by Francisco Coutinho Dornelas, assistant to the executive management of ArcelorMittal South America Flat Carbon, and moderated by Albano Chagas Vieira, Chairman of the ABM Board of Directors.
"On the occasion, I could see that the mining and metals industries have been doing their homework and are not just sitting and waiting for government actions," commented Dornelas,
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“Our intention is to resume operations in all sectors when market conditions are more favorable”, he added.
Premature Deindustrialization
ABIMAQ (Brazilian Association of Machinery and Equipment Manufacturers) has warned about the deindustrialization of the Brazilian economy and at the same time it has approached policymakers in an attempt to draw their attention to the seriousness of the situation and the harmful effects of this process, on top of proposing measures to reverse this situation, which depends only on Brazilians taking the necessary steps.
Curiously enough, an article has just been published in the international press by the reputable, award-winning Harvard University professor Dani Rodrik entitled “Premature Deindustrialization”, based on deindustrialization data from 42 countries covering the period from the 1940s to the early 2010s.
The author advocates that the deindustrialization seen in Brazil and other emerging nations is not of the same nature as the one that was already experienced by advanced

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