Brazil fact of the day

In the 1980s manufacturing peaked at 34% of Brazils gdp. In 2020 it was just 11%…
Between 1980 and 2017, making value included in Brazil in genuine terms grew by only 24%, compared to 69% in neighbouring Argentina and 204% worldwide.
Brazils science-based markets have actually also lost their share of gdpfaster than anticipated. In the 1980s Brazil produced 55% of the pharmaceutical components it used. By 2020 this had actually dropped to 5%.

Here is the complete article from The Economist. The issue obviously is that Brazil is deindustrializing before its industrialization had the chance to develop a steady middle class.

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