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FLBR - What Can Brazil Expect From Joining The OECD
Franklin FTSE Brazil
Considering the evidence that institutions are behind a large share of long-term increases in welfare standards, the benefits of OECD membership are high.
Among the studied benefits are increases in trade and foreign direct investment, improvements in education, and better results in governance.
We estimate the benefits by benchmarking against an estimate of the benefits of acceding to an institution with similar goals and policies (EU) and find them to be very large.