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Brazil Energy
Energy
The unfolding of Brazil's current difficulties in the energy arena
constitutes a classic example of distortions arising from misdirected
regulation combined with the action of interest groups. When import-substitution
industrialization began in the early 1950s, the country's main sources
of energy were firewood, charcoal, and bagasse (the dry residue
from the processing of sugarcane). Because modern industrial expansion
could not be based on these, a decision had to be made regarding
the sources of energy to be used. Not surprisingly, electricity
and petroleum
products received special attention.
Data as of April 1997
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