RIO DE JANEIRO, BRAZIL – Since the beginning of 2019, Brazil, which for years was the largest car manufacturer in Latin America, has recorded a decline in production figures and employment in the sector. After Ford’s departure after 100 years in the country, this year Toyota also announced the closure of one of its plants in the country.
This is just one of the signs that manufacturing continues to decline, not only in Brazil but in Latin America in general. While in 1984 manufacturing (value-added) accounted for 34.3% of Brazil’s GDP, today it accounts for only 9 . . .