Inherited Underdevelopment?

Edgar Federzoni dos Santos () and Neil Wilcock ()
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Edgar Federzoni dos Santos: Leipzig University
Neil Wilcock: Leipzig University

Chapter Chapter 2 in Not Paying the Rent, 2021, pp 23-40 from Springer

Abstract: Abstract This chapter explores the possible path-dependent factors for progress and its obstacles in Brazil. Between the sixteenth and nineteenth centuries, various phenomena, policies, and economic choices caused a non-linear Brazilian developmental history. The colonial structures were a rational choice to curb a national-wide development. The settlers were not interested in creating long-lasting benefits for the people living in those southlands. Political will establish a state class comprised of rentiers that monopolised the official economy and its spoils. Such rentiers were installed as soon as the country started being populated. They remained in place and powerful and affected the country’s capacity to fulfil its economic potential, outliving in the modern eras the Ancien Régime that created them.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-78861-2_2

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DOI: 10.1007/978-3-030-78861-2_2

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