Recent macroeconomic trends in emerging economies and implications for development - Country Study: Brazil

Eustáquio Reis

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: The paper reviews the sluggish growth and inclusive developments of the Brazilian economy in the last decade. The first section analyzes the macroeconomic performance pointing export growth as the engine of growth. The second evaluates social policies and their relationship with the improvements in the labor market. The third examines Brazilian policy reactions to the global crisis that managed to recover consumption but failed to sustain investment and growth. The discussion of challenges for a sustainable development concludes the paper. Investment in education and infrastructure are consensual policy advices but there are plenty of disagreements and controversies with regards to industrial policies, financing strategies and the role to be played by the public sector.

Keywords: Brazil; Macroeconomic performance; Social policies; Financial crisis; Growth strategy (search for similar items in EconPapers)
JEL-codes: E63 E64 E65 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2014-07
New Economics Papers: this item is included in nep-lam and nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:134

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