Industrial Trajectory and Economic Development.

This article examines Brazil’s industrial trajectory, beginning with an analysis of the process of import substitution industrialization and its role historically. This is followed by an analysis of industry after the transition to neoliberalism. The resulting evidence implies a clear process of deindustrialization, and upon examining the pattern of exports, a process of re-primarization as well. The paper concludes with a discussion of these troubling trends for the current trajectory of the Brazilian economy. [ABSTRACT FROM AUTHOR]