Unlocking Brazil's Economic Potential Through Regional Diversification Strategies
The article explores how different regions in Brazil diversify their industries based on their existing capabilities. Regions tend to expand into sectors that require similar skills to what they already have. Generally, as industries become more complex, they are less likely to diversify. However, in highly complex regions, complexity can actually help drive diversification. The study shows that the potential for diversification varies greatly across different types of regions in Brazil.