Nova Indústria Brasil (NIB), the industrial policy launched by the federal government, needs improvements despite having evolved compared to other industrial policies implemented over the past two decades. This is the conclusion of a technical note prepared by the Development Observatory of the Center for Regional Development and Planning (Cedeplar) at the Federal University of Minas Gerais (UFMG).
The study, signed by researchers Fabricio J. Missio and Ezequiel H. Rezende, was previewed for the newspaper O Globo and points out that the main necessary adjustment would be the establishment of a Structural Change Monitoring System. This system would have the function of measuring the effective changes that the set of policies provided for in NIB generates in the country's productive structure.
According to the research, NIB should not be evaluated by the volumes of financial or budgetary resource disbursements, as traditionally done in Brazil. The researchers argue that the monitoring dashboard should track at least six dimensions of funded activities, including technological intensity, export volume, and economic activity complexity. The study also highlights the need for coordination between industrial policy and monetary policy.
