Asia proved to be remarkably resilient in the face of the global financial crisis, but why was its output performance stronger than that of other regions? The paper shows that better initial conditions—in the form of lower external and financial vulnerabilities—contributed...

From the 1990s, the Brazilian development model went from protector of the industrial sector to the trade liberalization process, which brought the need for extensive restructuring of the productive sectors of the economy must, henceforth to confront openly the global competitors within the...

From the 1990s, the Brazilian development model went from protector of the industrial sector to the trade liberalization process, which brought the need for extensive restructuring of the productive sectors of the economy must, henceforth to confront openly the global competitors within the...

This article aims to assess the evolution of external vulnerability and structural changes in terms of generating value added in the Brazilian economy in the period 1995-2009. By means of a novel treatment of the inter-sectoral output multipliers, we subdivided this period into three...

From the 1990s, the reorientation of the development model, which switched from protective of industrial sector to intensifier of the trade liberalization process, brought the need for reorganization of large productive sectors of the Brazilian economy, were openly forced to face global...

Turkey's performance in the current crisis shows that it has managed to weather the global stormy conditions relatively well and avoid collapsing into a full-fledged currency and financial crisis. On the face of it, one could conclude economic reforms introduced since 2001 have paid off and...