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The Real Plan and the Brazilian agriculture: perspectives

Author

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  • Fernando Homem de Melo

Abstract

This paper reviews the effects of Plano Real’s macroeconomic policies on agricultureand discusses the new perspectives open after the strong devaluation of our currency inJanuary 1999. Brazilian agriculture was severely affected by the combination of high interestrates – overvalued exchange rate. In addition, it has had to face the problems of excessivereduction in import tariffs, of financed imports and of low economic growth rates in recentyears. Some favorable changes in international trade offset, at least partially, the problem ofcurrency overvaluation. Brazil has always been recognized as having a strong comparativeadvantage in agriculture. The devaluation which occurred, beginning in January 1999, opensbetter perspectives for the country to exploit its competitiveness in international markets. JEL Classification: Q14; Q17; E42.

Suggested Citation

  • Fernando Homem de Melo, 1999. "The Real Plan and the Brazilian agriculture: perspectives," Brazilian Journal of Political Economy, Center of Political Economy, vol. 19(4), pages 718-728.
    • Handle: RePEc:ekm:repojs:v:19:y:1999:i:4:p:718-728:id:1079
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    More about this item

    Keywords

    Real Plan; stabilization programs; agriculture; economic growth;
    All these keywords.

    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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