Does it Take a Lula to go to Davos? A Brief Overview of Brazilian Reforms, 1980-2000

Nauro Campos, Armando Castellar Pinheiro (), Fabio Giambiagi () and Mauricio Moreira

William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan

Abstract: What are the determinants of economic reform efforts? This paper tries to throw light on this question by examining recent reforms in Brazil, a country which followed a gradualist approach and was a late-starter among Latin American economies. We argue that these first generation reforms (trade liberalization, stabilization, privatization and the adoption of a new macro-policy framework) were driven by the drastic growth slowdown and redemocratization of the 1980s. We argue that their gradual and democratic implementation not only respond for their sustainability but also shows that the country is ready for a second generation of reforms focusing explicitly on institutional deficiencies.

Keywords: Reform; Stabilization; Economic Policy; Growth; Brazil (search for similar items in EconPapers)
JEL-codes: H11 O11 O23 O40 O54 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2002-10-15
New Economics Papers: this item is included in nep-his, nep-mac and nep-pbe
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Persistent link: https://EconPapers.repec.org/RePEc:wdi:papers:2003-580

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