S\u00e3o Paulo \u2013 The crisis in Europe should benefit Brazil\u2019s exports of manufactured products and those of emerging nations in general, as they may find market niches abandoned by European producers in difficulties. To gain this share, however, it is necessary for Brazil to invest in the area, said specialists in seminar "The crisis of developed nations and perspectives for the Brazilian economy in 2012", promoted by the Centre for Company and School Integration (CIEE), on Thursday (19), in S\u00e3o Paulo.<\/p>\n
The speakers criticised the Brazilian dependence on commodity exports and said the country needs to grow in the international manufactured product sector. \u201cOver the last five years, the deficit in greater value-added industrial products has grown five-fold and, as a tendency, that is evidently unsustainable, as we will not be able to pay this bill with basic products, which generate little added value, in future. Brazil, due to its potential, may be very strong in primary products, but not abandoning industrialisation,\u201d said Ant\u00f4nio Correa de Lacerda, a professor at the Pontifical Catholic University of S\u00e3o Paulo (PUC-SP) and chief economist at Siemens.<\/p>\n
The growth of imports of manufactured products was pointed out as a bottleneck of the Brazilian economy. \u201cIt is great for Brazil to increase its exports, but this phenomenon is being predatory,\u201d said Octavio Barros, a director at the Research and Economic Studies department at Bradesco bank. He believes that the concentration in the sale of primary products is affecting investment in industrial production in the country.<\/p>\n
"In 2011, Brazil had a US$ 80 billion deficit in its electronic, chemical and pharmaceutical and machinery product trade balance," recalled Lacerda. "Brazil needs to expand its conditions for competitiveness. We need to reduce interest on the international level, and I think we are heading in that direction,\u201d said the professor at PUC. <\/p>\n
"We need more competitive trade and need to improve the Brazilian production cost regarding factors that are outside the factory, like tax burden and logistics and infrastructure cost. That is what may generate, alongside trade promotion of Brazilian products abroad, and stronger operation of Brazilian companies in international forums, a greater share for our companies in the foreign market,\u201d said Lacerda.<\/p>\n
The specialist also pointed out the opportunities that may be opened with the cooling down of the economies of developed nations. \u201cBrazil has a chance to make use of its natural market attractiveness to receive new companies, but it must take care to avoid opportunist investment that does not add value,\u201d he said.<\/p>\n
Investment<\/b><\/p>\n
The crisis in Europe has also put emerging markets, like Brazil, in greater evidence as destinations for investment. "Emerging countries are prominent. Today they receive 60% of global investment,\u201d pointed out Barros. In the economist\u2019s point of view, the European crisis is already becoming lighter. "The global scenery is less tense than four months ago. The European crisis in is inexorable, but nine out of 10 analysts recognise that it is brander than expected.\u201d<\/p>\n
Regarding Brazil, Barros believes that the country\u2019s Gross Domestic Product (GDP) is under-estimated. In the economist\u2019s forecast, the country may grow between 4.2% and 5.2% a year from 2012 to 2020. This week, the International Monetary Fund (IMF) disclosed a report in which it forecasts 3% growth of Brazil\u2019s GDP in 2012.<\/p>\n
Roberto Van Dijk, the director general of Votorantim Wealth Management, also pointed out the growth emerging economies this year. "In 2012, the sum of the GDPs of the emerging nations should exceed the sum of the GDPs of developed nations,\u201d he pointed out.<\/p>\n
*Translated by Mark Ament<\/b><\/p>\n","protected":false},"excerpt":{"rendered":"
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