Long-run Adjustment, the Debt Crisis and the Changing Role of Stabilisation Policies in the Recent Brazilian Experience

Carneiro, Dionisio Dias

doi:10.1007/978-1-349-18671-6_3

Cited by 3 publications

(1 citation statement)

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“…A major reason for the quick recovery of the Brazilian economy lay elsewhere: in the expansionary policies based on import substitution adopted from the end of 1974 onwards by the Geisel government -a far from conventional response to the international crisis. 12 Once it began, the economic recovery proved structurally compatible with the generation of persistent trade surpluses. The year 1985 represented a crucial test for the continuity of this process, as a consequence of the high level of political uncertainty associated with the traumatic circumstances in which the handover of power took place.…”

Section: Economic Management and Democratic Rulementioning

confidence: 99%

Heterodox Shock in Brazil:Técnicos, Politicians, and Democracy

Solá¹

1991

J. Lat. Am. Stud.

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The recent experiences of transition to democracy in Latin America have taken place in circumstances which suggest a need to rethink the political and social dimensions of inflation. The experience of the 1980s reveals that the once familiar road which led from an inflationary spiral and a rising foreign debt to the collapse of democracy can also be travelled by other types of regime. The crisis of the bureaucratic-authoritarian regimes, Chile apart, reflected an inability to deal with those same focal points of political and economic uncertainty. The sequence which runs from high (or hyper) inflation to political regime change may be neutral, in the sense that it is indifferent to whether the regimes affected are democratic or authoritarian.

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Section: Economic Management and Democratic Rulementioning

confidence: 99%

Heterodox Shock in Brazil:Técnicos, Politicians, and Democracy

Solá¹

1991

J. Lat. Am. Stud.

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From Populist Developmentalism to Liberal Neodevelopmentalism: The Specificity and Historical Development of Brazilian Capital Accumulation

Grinberg

2016

Critical Historical Studies

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This article analyzes the trajectory of Brazilian society between the time of populist developmentalism and the emergence of neodevelopmentalism. Challenging mainstream accounts, it argues that the various policy regimes consolidating throughout the period have been forms of realization of the autonomously regulated process of capital accumulation on a global scale. More concretely, it is claimed that Brazilian capitalism has developed under a specific form which sprung from its particular original subsumption in the international division of labor as producer of primary commodities; capital has accumulated there through the recovery of a portion of the local ground rent. This form of capital accumulation has come about through specific developmental patterns, state policies, and political processes. Analysis of the historical development of the Brazilian process of capital accumulation demonstrates the inherent unity among the various policy regimes. N ot long ago, the Brazilian economy was at the center of several academic and policy-oriented debates, many of these focusing on its alleged "emerging power" status and on the processes-crucially, state actions-making this possible. 1 Some authors attribute Brazil's economic recov

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