Chapter 11 Positive signs in the new development trends of Ceara

Abstract

Before anything else, it is important to call attention to the fact indicated above that the economic growth of the CE does not lag behind the nation as a whole. Although the average GDP growth rate was on average somewhat lower in Ceara for the period from 1992 to 2005 (2.6% compared with 2.8%), the beginning of the millennium shows a more rapid growth in Ceara: between 2002 and 2005, the average growth rate of the economy in Ceara increased to 2.9% a year, while the GDP of Brazil grew at the much lower rate of 2.4% per year. This growth of the economy of the CE was accompanied by a rapid growth in exports and an improvement in the balance of payments, indicating a process of integration in the global economy. Although the growth rate of the economy of Ceara is not very high, its trend is not lower than that of the nation as a whole, and therefore we can state that if any process of diminution of poverty and inequality has happened during this period, it is important to recognize that it did not happen at the expense of a decreasing macroeconomic growth.

Citation

Bar-El, R. (2008), "Chapter 11 Positive signs in the new development trends of Ceara", Bar-El, R. (Ed.) Regional Development and Conflict Management: A Case for Brazil (Contributions to Conflict Management, Peace Economics and Development, Vol. 8), Emerald Group Publishing Limited, Leeds, pp. 153-171. https://doi.org/10.1016/S1572-8323(08)08011-9