Financial Development, Growth and Equity in Brazil

Armando Castelar Pinheiro and Regis Bonelli

Chapter 7 in Economic Growth with Equity, 2007, pp 153-174 from Palgrave Macmillan

Abstract: Abstract Criticism of the Washington Consensus has increased in Latin America (LA) since the mid-1990s owing to the frustration with the region’s slow GDP growth and the failure to promote equity. Although growth in the past decade accelerated vis-à-vis 1981–93, the gain was less than expected. The same applies to the comparison with the recent expansion of China and India, which have accomplished high growth while apparently disregarding — or even confronting — the Consensus’s recommendations.

Keywords: Financial Development; Pension Fund; Public Debt; Minority Shareholder; Creditor Protection (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80091-5_7

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DOI: 10.1057/9780230800915_7

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