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Brazil’s economic reform roads

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  • Diogo Ramos Coelho

    (Embassy of Brazil in Washington, D.C.)

Abstract

In 2015–2016, Brazil endured the deepest recession in its history. GDP fell by 7.3% in 2 years. Unlike recent crises in other emerging markets, characterized by a balance of payments emergency, domestic factors were the main reason for Brazil’s economic downfall. Brazil’s “Great Recession”, however, opened the door for a series of macroeconomic reforms aimed at reshaping the world’s eighth largest economy. This article discusses recent developments in the Brazilian economy and why they led to one of the most comprehensive reform programs in the world.

Suggested Citation

  • Diogo Ramos Coelho, 2020. "Brazil’s economic reform roads," Business Economics, Palgrave Macmillan;National Association for Business Economics, vol. 55(2), pages 80-91, April.
    • Handle: RePEc:pal:buseco:v:55:y:2020:i:2:d:10.1057_s11369-020-00162-8
    DOI: 10.1057/s11369-020-00162-8
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    References listed on IDEAS

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    1. Sérgio Wulff Gobetti & Rodrigo Octávio Orair, 2017. "Taxation and distribution of income in Brazil: new evidence from personal income tax data," Brazilian Journal of Political Economy, Center of Political Economy, vol. 37(2), pages 267-286.
    2. Lazzarini, Sergio G. & Musacchio, Aldo & Bandeira-de-Mello, Rodrigo & Marcon, Rosilene, 2015. "What Do State-Owned Development Banks Do? Evidence from BNDES, 2002–09," World Development, Elsevier, vol. 66(C), pages 237-253.
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    Cited by:

    1. León Padilla & Ángel Rodriguez García-Brazales, 2021. "Can South America form an optimal monetary area? A structural vector autoregression analysis," International Economics and Economic Policy, Springer, vol. 18(2), pages 309-329, May.

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