Economics & Finance / Macroeconomics / International Trade & Globalization
Brazil's Trade Reform Failed 20 Years: The Shocking Truth About Regional Inequality
In 1990s Brazil, trade liberalization was supposed to bring prosperity. But a 25-year study by Rafael Dix-Carneiro and Brian K. Kovak, based on employer-employee data, reveals a darker reality: regions hit hardest by import competition suffered 20 years of widening wage and job losses. This video breaks down why traditional economic models failed, how capital and labor trapped each other in a downward spiral, and why the informal sector became the last safety net. Discover the long-term cost of trade reform and what it means for policy today.
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