The text analyzes the contemporary deindustrialization of Brazil and some of its impasses in terms of macroeconomic policies. The level of industrialization that was reached in previous decades has deteriorated because of the lack of policies on industry and development and the combination of high interest rates, lack of investment, overvalued exchange rates and exaggerated trade openness. In this context, harmful deindustrialization occurs. It weakens and undermines the country's economy. In the absence of a macroeconomic policy in line with industrial policy, development is compromised. In these terms, underdevelopment is not a phase or a bump in the road, but a process that began with Brazil's involvement in the international capitalist market in the nineteenth century - a process which Brazil has yet to complete.
Industrialization; Deindustrialization; Development Policies
