Chapter

Brazil

Renato G. Flores

in International Development

Published in print February 2014 | ISBN: 9780199671656
Published online April 2014 | e-ISBN: 9780191751127 | DOI: https://dx.doi.org/10.1093/acprof:oso/9780199671656.003.0040
Brazil

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Brazil offers an interesting case study of economic growth which combines both textbook and unorthodox policies. Eighty years of Brazilian history are described in three periods: the first beginning in 1930 with Getúlio Vargas, the second in 1964 with the military coup, and the third in 1985 with the return to civilian rule. Specific attention is paid to the administrations of Collor–Itamar and the Cardoso–Lula, as both periods represented substantial shifts in government priorities. What emerges from this historical analysis is not so much a narrative of development, but a succession of measures intended to solve specific short-term problems, such as: increasing exports, improving the balance of trade, controlling public debt, fighting inflation, enhancing industrial productivity, and reducing poverty and inequality. More than a model of development, the Brazilian experience highlights the importance of government policy, and of the divides between different social classes and regions.

Keywords: Brazil; growth; government policy; Getúlio Dornelles Vargas; Fernando Affonso Collor de Mello; Itamar Augusto Cautiero Franco; Luiz Inácio Lula da Silva; Fernando Henrique Cardoso

Chapter.  8254 words.  Illustrated.

Subjects: Economic Development and Growth

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