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STRUCTURAL ECONOMIC CONSTRAINTS, THE IMF-STYLE AND PERSPECTIVES IN BRAZIL

Joanílio Teixeira () and Rodolfo Teixeira
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Rodolfo Teixeira: Institute of Social Sciences, Universidade de Brasília

No 328, Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia from Departamento de Economia da Universidade de Brasilia

Abstract: The last two decades in Brazil are characterized by low growth in income per capita, financial turmoil, increasing unemployment, dismal distribution of income (and wealth), rent-seeking speculation and dissatisfaction with the outcome of neo-liberal policies. It was in this context that Luiz Inácio Lula da Silva reached the presidency in January 2003. What has been seen so far is – despite the success in maintaining governability – a sharp neo-classical-cum monetarist practice of the previous government. It has been unable to move from the IMF orthodox approach. Thus, there is not much to commemorate in the first three quarters of the mandate.

Keywords: Liberalization; Financial Constraints; Brazil; Worker’s Party; Institutions and Economic Policies (search for similar items in EconPapers)
JEL-codes: E12 F02 O11 P17 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2006-08
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