Document Type


Publication Date

Summer 6-2-2009


This paper addresses a specific question: why has China grown so rapidly and Brazil not? To answer this question, it (i) establishes the basis for comparison between China and Brazil by contextualizing these countries within the BRICs concept, and (ii) presents a comparative analysis of Brazilian and Chinese reforms focusing only on the issue of macroeconomic policy, especially the monetary and exchange rate regimes, and its effect on growth.

Published Citation

Ferrari-Filho, Fernando, and Anthony Spanakos. "Why economic performance has differed between Brazil and China? a comparative analysis of Brazilian and Chinese macroeconomic policy." Revista Venezolana de Análisis de Coyuntura 15, no. 1 (2009): 111-133.