O presidente desiludido: a campanha liberal e o pêndulo de política econômica no governo Dutra (1942-1948)

Pedro Paulo Zahluth Bastos
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Pedro Paulo Zahluth Bastos: Unicamp

História Econômica & História de Empresas, 2004, vol. 7, issue 1, 99-135

Abstract: This article intends to discuss the political and ideological context of Dutra government’s option for the exchange liberalization, showing it as vinculated to a liberal program of stabilization and development, but without any intention of restoring the so called "agrarian vocation" of the country as an export economy. Subsequently, much to the contrary of general opinion, this article demonstrates that the restoration of exchange control, after the 1947 crisis, was done in a very conscious way concerning to its benefits to the substitution of importations. This counciousness was introduced by the failure of commercial liberalization and parcially divulgated in order to neutralize the criticism of Vargas supporters’ oposition who pointed out the risks of commercial and financial opening up to the Brazilian economic development.

Date: 2004
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