Dilemmas of Brazilian Economic Development in the Twenty-First Century

Lauro Mattei and Anthony W. Pereira

Chapter 1 in The Brazilian Economy Today, 2015, pp 3-25 from Palgrave Macmillan

Abstract: Abstract After several decades of stagnation since the beginning of the twenty-first century, the Brazilian economy has made important changes (ECLAC, 1950; Edwards, 2009 Panizza, 2009). There has been a new growth cycle that directed government action to combat social inequalities and resume the construction of a new pattern of development, but without changing the structural conditions of a peripheral economic system (Sicsú, Oreiro and Paula, 2003). This growth cycle was relatively high between 2003 and 2010, when the country had an annual growth rate of 2.5 percent compared to less than one percent in the previous decade (Weisbrot, Johnston & Lefebvre, 2014). However, due to the global economic crisis, since 2011 the Brazilian economy has been stagnant, with very low GDP growth rates (Bacen, 2014).

Keywords: Minimum Wage; High Interest Rate; Social Spending; Conditional Cash Transfer; Global Economic Crisis (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-54981-5_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781137549815

DOI: 10.1057/9781137549815_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().