Reining in Brazil's informal economy

Why is Brazil's economic growth limited to 3 or 4% a year while fellow emerging giants China and India are increasing their GDPs by 7 to 10%? A major, often overlooked reason is Brazil's huge informal economy, which inhibits productivity, discourages business investment, and reduces the po...

Full description

Saved in:
Bibliographic Details
Published in:The McKinsey quarterly 2005-01 (1), p.18
Main Authors: Capp, Joe, Heinz-Peter Elstrodt, Jones, William Bebb
Format: Magazinearticle
Language:English
Subjects:
Economic growth
Economic policy
Grey markets
Informal economy
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page
container_issue 1
container_start_page 18
container_title The McKinsey quarterly
container_volume
creator Capp, Joe
Heinz-Peter Elstrodt
Jones, William Bebb
description Why is Brazil's economic growth limited to 3 or 4% a year while fellow emerging giants China and India are increasing their GDPs by 7 to 10%? A major, often overlooked reason is Brazil's huge informal economy, which inhibits productivity, discourages business investment, and reduces the potential for growth. In fact, a study shows that Brazil's economy could grow by an additional 1.5% a year if the government followed the lead of other countries and launched a concerted effort to reduce the size of the gray market. In Brazil, the informal economy accounts for about 40% of the gross national income, a much bigger share than it claims in China and India.
format magazinearticle
fullrecord <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_journals_224536577</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>788208131</sourcerecordid><originalsourceid>FETCH-LOGICAL-p97t-1f557e8faf624edf062c115272ce566781935b3db2ecbb8b860cf7c93d8eb2013</originalsourceid><addsrcrecordid>eNotjskKwjAURbNQcPyHIoKrQoZmWqo4gSCIe2nSF2lpE210oV9vQVfnrs49PTTEOJMpZzoboFGMFcaECa6HaH6G0pf-lpQ-WbX5p6wXsdsutE1eJ2CDD817gvouryNM_xyjy3ZzWe_T42l3WC-P6V3LZ0oc5xKUy52gGRQOC2oJ4VRSC1wIqYhm3LDCULDGKKMEtk5azQoFhnZBYzT7ae9teLwgPq9VeLW-e7xSmvEuWEr2BUPkOYk</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>magazinearticle</recordtype><pqid>224536577</pqid></control><display><type>magazinearticle</type><title>Reining in Brazil's informal economy</title><source>Business Source Ultimate【Trial: -2024/12/31】【Remote access available】</source><creator>Capp, Joe ; Heinz-Peter Elstrodt ; Jones, William Bebb</creator><creatorcontrib>Capp, Joe ; Heinz-Peter Elstrodt ; Jones, William Bebb</creatorcontrib><description>Why is Brazil's economic growth limited to 3 or 4% a year while fellow emerging giants China and India are increasing their GDPs by 7 to 10%? A major, often overlooked reason is Brazil's huge informal economy, which inhibits productivity, discourages business investment, and reduces the potential for growth. In fact, a study shows that Brazil's economy could grow by an additional 1.5% a year if the government followed the lead of other countries and launched a concerted effort to reduce the size of the gray market. In Brazil, the informal economy accounts for about 40% of the gross national income, a much bigger share than it claims in China and India.</description><identifier>ISSN: 0047-5394</identifier><language>eng</language><publisher>New York: McKinsey &amp; Company, Inc</publisher><subject>Economic growth ; Economic policy ; Grey markets ; Informal economy</subject><ispartof>The McKinsey quarterly, 2005-01 (1), p.18</ispartof><rights>Copyright McKinsey &amp; Company, Inc. 2005</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>780,784</link.rule.ids></links><search><creatorcontrib>Capp, Joe</creatorcontrib><creatorcontrib>Heinz-Peter Elstrodt</creatorcontrib><creatorcontrib>Jones, William Bebb</creatorcontrib><title>Reining in Brazil's informal economy</title><title>The McKinsey quarterly</title><description>Why is Brazil's economic growth limited to 3 or 4% a year while fellow emerging giants China and India are increasing their GDPs by 7 to 10%? A major, often overlooked reason is Brazil's huge informal economy, which inhibits productivity, discourages business investment, and reduces the potential for growth. In fact, a study shows that Brazil's economy could grow by an additional 1.5% a year if the government followed the lead of other countries and launched a concerted effort to reduce the size of the gray market. In Brazil, the informal economy accounts for about 40% of the gross national income, a much bigger share than it claims in China and India.</description><subject>Economic growth</subject><subject>Economic policy</subject><subject>Grey markets</subject><subject>Informal economy</subject><issn>0047-5394</issn><fulltext>true</fulltext><rsrctype>magazinearticle</rsrctype><creationdate>2005</creationdate><recordtype>magazinearticle</recordtype><sourceid/><recordid>eNotjskKwjAURbNQcPyHIoKrQoZmWqo4gSCIe2nSF2lpE210oV9vQVfnrs49PTTEOJMpZzoboFGMFcaECa6HaH6G0pf-lpQ-WbX5p6wXsdsutE1eJ2CDD817gvouryNM_xyjy3ZzWe_T42l3WC-P6V3LZ0oc5xKUy52gGRQOC2oJ4VRSC1wIqYhm3LDCULDGKKMEtk5azQoFhnZBYzT7ae9teLwgPq9VeLW-e7xSmvEuWEr2BUPkOYk</recordid><startdate>20050101</startdate><enddate>20050101</enddate><creator>Capp, Joe</creator><creator>Heinz-Peter Elstrodt</creator><creator>Jones, William Bebb</creator><general>McKinsey &amp; Company, Inc</general><scope/></search><sort><creationdate>20050101</creationdate><title>Reining in Brazil's informal economy</title><author>Capp, Joe ; Heinz-Peter Elstrodt ; Jones, William Bebb</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-p97t-1f557e8faf624edf062c115272ce566781935b3db2ecbb8b860cf7c93d8eb2013</frbrgroupid><rsrctype>magazinearticle</rsrctype><prefilter>magazinearticle</prefilter><language>eng</language><creationdate>2005</creationdate><topic>Economic growth</topic><topic>Economic policy</topic><topic>Grey markets</topic><topic>Informal economy</topic><toplevel>online_resources</toplevel><creatorcontrib>Capp, Joe</creatorcontrib><creatorcontrib>Heinz-Peter Elstrodt</creatorcontrib><creatorcontrib>Jones, William Bebb</creatorcontrib><jtitle>The McKinsey quarterly</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Capp, Joe</au><au>Heinz-Peter Elstrodt</au><au>Jones, William Bebb</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Reining in Brazil's informal economy</atitle><jtitle>The McKinsey quarterly</jtitle><date>2005-01-01</date><risdate>2005</risdate><issue>1</issue><spage>18</spage><pages>18-</pages><issn>0047-5394</issn><abstract>Why is Brazil's economic growth limited to 3 or 4% a year while fellow emerging giants China and India are increasing their GDPs by 7 to 10%? A major, often overlooked reason is Brazil's huge informal economy, which inhibits productivity, discourages business investment, and reduces the potential for growth. In fact, a study shows that Brazil's economy could grow by an additional 1.5% a year if the government followed the lead of other countries and launched a concerted effort to reduce the size of the gray market. In Brazil, the informal economy accounts for about 40% of the gross national income, a much bigger share than it claims in China and India.</abstract><cop>New York</cop><pub>McKinsey &amp; Company, Inc</pub></addata></record>
fulltext fulltext
identifier ISSN: 0047-5394
ispartof The McKinsey quarterly, 2005-01 (1), p.18
issn 0047-5394
language eng
recordid cdi_proquest_journals_224536577
source Business Source Ultimate【Trial: -2024/12/31】【Remote access available】
subjects Economic growth
Economic policy
Grey markets
Informal economy
title Reining in Brazil's informal economy
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2024-12-29T11%3A56%3A53IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Reining%20in%20Brazil's%20informal%20economy&rft.jtitle=The%20McKinsey%20quarterly&rft.au=Capp,%20Joe&rft.date=2005-01-01&rft.issue=1&rft.spage=18&rft.pages=18-&rft.issn=0047-5394&rft_id=info:doi/&rft_dat=%3Cproquest%3E788208131%3C/proquest%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-p97t-1f557e8faf624edf062c115272ce566781935b3db2ecbb8b860cf7c93d8eb2013%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=224536577&rft_id=info:pmid/&rfr_iscdi=true