The external adjustment strategy of the Second National Development Plan

Jorge Chami Batista ()

Brazilian Journal of Political Economy, 1987, vol. 7, issue 2, 228-244

Abstract: The principal aim of this paper is to discuss the growth-cum-debt strategy setout in the II NDP and adopted in Brazil between 1974 and 1979, as a way of making theexternal adjustment of the economy. It is argued that, despite the mistakes made by theauthorities in Brazil on matters of economic policy and on certain investment decisions, thestrategy set out in the II NDP and pursued over the period between 1974 and 1979 played,on the whole, a positive role in adjusting Brazil’s external accounts in addition to sustainingeconomic growth. JEL Classification: H63; H54.

Keywords: Industrial policy; foreign financing; public debt; II PND (search for similar items in EconPapers)
Date: 1987
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