Table of Contents

The Economies of Argentina and Brazil

The Economies of Argentina and Brazil

A Comparative Perspective

Edited by Werner Baer and David Fleischer

This book compares the successes and failures of the development and growth processes of Argentina and Brazil. It provides important insights into the different performances of these economies through a series of comparative essays written by Argentinian and Brazilian economists.

Chapter 8: Size and Importance of Tertiary Activities in Brazil

Carlos R. Azzoni and Joaquim J.M. Guilhoto

Subjects: development studies, development economics, economics and finance, development economics


1 Carlos R. Azzoni and Joaquim J.M. Guilhoto 8.1 INTRODUCTION Tertiary activities – also known as services – are becoming more and more important all over the world as their share in total income increases with the level of economic activities within countries, as Figure 8.1 shows. A comparison with other countries in the same range of GDP per capita values indicates that Brazil occupies an average position, but that improved economic performance will, as the GDP growth rates in recent years indicate, tend to increase the importance of the tertiary sector in the economy. Interestingly, Brazil and Argentina are very similar as regards the importance of tertiary activities in their respective economies. With its present importance and its prospects for expansion, this sector is an interesting case study in both countries, despite its being paid relatively little attention in economic analyses to date.2 USA FRA 75% LAT NZL ZAF ISR HUN POL CRO LTU CRI UKR BGR TKY PAR ECU RUS URU SER SLK POR SLV CZK GRC JPN UK BEL NLD SWE DEN ITA SPA GER CAN AUS AUT FIN 65% Share in GDP SUI 55% PEP COL BOL ROU VNZ ARG BRA BWA IRN 45% IDN THA MYS CHI 35% 0 10,000 20,000 30,000 40,000 50,000 60,000 70,000 Per capita income (USD) Figure 8.1 Share of tertiary activities in GDP across countries. 151 809962 BAER PRINT (M2763).indd 151 27/09/2011 16:29 152 The economies of Argentina and Brazil Given the nature...

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