Industrial Policy in Brazil: An Analysis of the Machinery and Equipment Sector based on the Economic Complexity Approach
The present work presents an analysis of Brazilian industrial policies in the light of economic complexity, whose premises for economic growth and development are based on the diversification of less complex products to those composed of inputs with greater technological content. Evidencing in the Capital Goods industry, if the implementation of Brazilian industrial policies in the first two decades of this century was able to promote diversification in the machinery and electromechanical equipment sector, through investments made possible by credits granted by the National Development Bank (BNDES) . The study is made possible by the interpretation of the indices applied by the Complexity Economy that collaborate in the identification of the diversification of the economy, from the insertion of a more complex content of productive inputs, making them more competitive in the global market.