Carlos Braga
Carlos Braga

Visiting Professor

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Carlos Braga is a visiting professor. His areas of special interest include macroeconomics, international trade, foreign direct investment, regulatory policies, economics of innovation, intellectual property rights, sovereign debt, global and corporate governance and development economics.

He is also Adjunct Professor at Fundação Dom Cabral, Brazil, Managing Director of Ouchy Consultoria Empresarial Ltda, São Paulo, Brazil, and a visiting professor at El Colegio de México.

From 2015 to 2020, he was the Expedition Leader for the IMD EMBA Discovery Expeditions to Brazil, and from 2012-15 he was Professor of International Political Economy at IMD and Director of the Evian [email protected], an international coalition of corporate, government, and opinion leaders united by a common vision of enhancing global prosperity by fostering an open, inclusive and equitable global market economy.

Before joining IMD in September 2012, Braga was the Special Representative and Director for Europe, External Affairs (EXT) Vice-Presidency at The World Bank (2011-12), where he was also Director of Economic Policy and Debt (2008-10) and, in 2010, the Acting Vice President and Corporate Secretary of the World Bank Group and Acting Executive Secretary of the Development Committee.

His other responsibilities at the World Bank included anchoring strategic relationships with key shareholder groupings (e.g., G7/8, G20, G24, APEC, ASEM) and with institutions such as the IMF, Commonwealth Secretariat and OECD, Senior Adviser of the International Trade Department (2003-06), responsible for dialogue on international trade issues with European-based institutions, including the OECD, the EC, UNCTAD and the WTO, Senior Manager of the Informatics Program at the Information Solutions Group (2001-03), and Director of the Development Gateway, a web-based initiative for sharing information on development-related topics. From 1997 to 2001, he was the Manager of infoDev (the Information for Development Program).

Prior to joining the World Bank in 1991, Braga served as a consultant to the Organization of American States (1990). He was a Fulbright Scholar (1988/89) at the Paul Nitze School of Advanced International Studies (SAIS), The Johns Hopkins University where he also taught as a visiting professor (1988-98). Prior to that, he was Assistant Professor of Economics at University of São Paulo (USP) and Senior Researcher at FIPE, São Paulo, Brazil. He received a degree in mechanical engineering from the Instituto Tecnológico de Aeronáutica (Brazil) and an MSc in economics from USP. He holds a PhD in economics from the University of Illinois, Urbana-Champaign, USA.

His most recent publications include: “Confronting Deglobalisation in the Multilateral Trading System,” Trade Law and Development XIV (Summer 2022), co-authored with Sait Akman et al.; “Covid-19 and Global Sea Transport,” co-authored with D. Lippoldt, Policy Brief #14, IIT/University of Adelaide, 2021; “O administrador em tempos de pandemia,” Dom Contexto , 2021; “A Adesão à OCDE: Muito Barulho Por Nada?” Revista Tempo do Mundo” (abril 2021); “Cold War 2.0: Implications for Middle Powers,” Policy Brief, Institute of International Trade, University of Adelaide, 11 February 2021; “The Shape of Things to Come: Trade and Foreign Policy in the Biden Administration,” Brazilian-American Chamber of Commerce, December 2020; “The Perfect Storm: Interventionism, Inequality, Decoupling and Zombies,” Policy Brief, Institute of International Trade, University of Adelaide, 2020.

Insight for Executives
Nairobi and the Doha development agenda negotiations
The Doha Development Agenda (DDA) negotiations are about to commemorate their 14th “birthday” without an end in sight. Another critical moment for the WTO is fast approaching, as the next Ministeri...
Published 1 December 2015
Investment and development: How to leverage FDI
This paper discusses how a developing country can best attract FDI, the importance of adopting a holistic developmental perspective encompassing trade, investment, movement-of-labor, and knowledge ...
Published 1 November 2015
Real depreciation in Brazil
What a difference a year makes! For visitors to Brazil, a steak lunch in a top restaurant would have cost USD $120 per capita in October 2014 (not including caipirinhas or wine). Today the same mea...
Published 29 October 2015
Greece and the Eurozone: A sinful cocktail of debt and denial
The future of the Greek economy and its place in the Eurozone are back in the headlines. The new government in Athens has adopted a confrontational strategy, building upon the anti-austerity stance...
Published 26 February 2015
World atlas of money
Money is important – but exactly how important ultimately depends on our cultural background, and varies around the world. Young people today answer the question of whether money brings happiness d...
Published 1 January 2015
Le Brésil de Dilma Rouseff souffre de la peur de connu
Le Brésil de Dilma Rouseff souffre de la "peur du connu". La persistence du modèle de développement actuel et des politiques macroéconomiques liées, qui ne sont pas viables sur le long terme, repré...
Published 5 November 2014
As reações do mercado às eleições brasileiras
Professor do IMD de Lausanne (Instituto de Management e Desenvolvimento), o brasileiro Carlos Braga explica porque ele acha que o Brasil corre o risco de virar uma “piada de humor negro” se o gover...
Published 30 October 2014
India's big university challenge
With the established western global powers facing irreversible relative decline, India has several important attributes that should enable it to become a global leader in the 21st century. But the ...
Published 28 April 2014
The HR manager's dilemma
In the late 1990s, I was the manager of the Information for Development (InfoDev) programme at The World Bank. Those were the early days of the Internet "revolution," and conferences about the dram...
Published 21 February 2014
L'OMC face au défi de l'innovation
En fin d’année dernière, le pèlerinage automnal des experts en politique commerciale vers le siège de l’OMC s’est focalisé sur un thème crucial pour les gouvernements et les entreprises: accroître ...
Published 22 January 2014
Cai o castelo de cartas de Eike: Entenda a crise no Grupo EBX
No Brasil, o mĂŞs de outubro terminou com um estrondo. O imperio de Eike Batista (Grupo EBX), que estava sob pressao finaneira ha mais de um ano, enfrentou uma nova crise com a falĂŞncia da OGX, sue ...
Published 29 November 2013
A supresa de outubro
Published 25 October 2013
Business as usual
Political developments, both on the domestic and international fronts, have dominated Brazilian headlines in the last few weeks. President Rousseff informed the White House that she was cancelling ...
Published 26 September 2013
Global value chains
Economic globalization has been driven over time by a varying mix of technological progress, economic policies fostering outward-orientation, multilateral cooperation, and international politics. T...
Published 1 September 2013
The third act
The good news is that the Brazilian Central Bank has adopted appropriate policies to increase the predictability of the exchange rate by offering $500 million currency swaps per day plus weekly off...
Published 29 August 2013
Mixed feeling
The contradictions of the current Brazilian economic model are becoming quite evident. The ability of the government to steer growth by relying on credit expansion in the context of a consumer-driv...
Published 9 August 2013
Brazil: A work in progress
Tom Jobim, the famed Brazilian musician and one of the “fathers” of the Bossa Nova, once said: “Brazil is not for beginners.” The developments of the last few weeks underscore his wisdom. Over the ...
Published 19 July 2013
Defusing the EU and China’s explosive trade dispute
The EU-China solar panel dispute could conceivably fizzle out. Alternatively, it could escalate into a major trade conflict between two of the world’s three economic giants. Obviously one hopes for...
Published 11 June 2013
Le chavisme et le péronisme peuvent survivre à leurs leaders
La victoire de Nicolas Maduro aux¦élections présidentielles du Venezuela, le 14 avril, n'a surpris personne. Son adoubement par Hugo Chavez en tant que successeur putatif en décembre 2012, l'émotio...
Published 10 May 2013
Determining Chavez's impact will take time
The death of Hugo Chávez elicited very different political reactions around the globe. In economic terms, however, Venezuela's caudillo (military dictator) was a terrible manager.¦First, the reacti...
Published 20 March 2013
Intellectual property rights and economic development
Over the past decade, the protection of intellectual property rights (IPRs) has undergone tremendous changes-fostered on the one hand, by a widening of the range of products and¦technologies covere...
Published 1 January 2000