This paper uses the sudden surge in Chinese competition faced by Brazil's manufacturers in the 2000s to revisit the findings from the literature on how productivity, innovation, and employment were impacted by the Great Liberalizationa period of massive trade opening in the early 1990s in Latin...

After a half century of overtly inward-oriented policies, Brazil finally moved to open its trade regime in the early 1990s. Being one the last countries to make this move in a region that notoriously lagged behind East Asia, Brazil was quick to implement a comprehensive trade liberalization...