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Economic Development: the Brazilian Experience

In: Development Strategies in East Asia and Latin America

Author

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  • Fernando Holanda Barbosa

Abstract

The Brazilian economy has experienced remarkable economic growth for most of this century, albeit at high cost in terms of social equity. From the beginning of the 1980s the economy entered a period of stagflation, which can be explained by two factors. Firstly, the growth strategy based on import-substitution industrialization had been exhausted. Secondly, the deep fiscal crisis that unfolded following the onset of the external debt problem at first was not perceived as such, nor afterwards was it met by an adequate institutional and political environment for solving it.

Suggested Citation

  • Fernando Holanda Barbosa, 1998. "Economic Development: the Brazilian Experience," Palgrave Macmillan Books, in: Akio Hosono & Neantro Saavedra-Rivano (ed.), Development Strategies in East Asia and Latin America, chapter 5, pages 69-87, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-26567-1_5
    DOI: 10.1007/978-1-349-26567-1_5
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    Cited by:

    1. Andrade, Daniel Caixeta & Garcia, Junior Ruiz, 2015. "Estimating the Genuine Progress Indicator (GPI) for Brazil from 1970 to 2010," Ecological Economics, Elsevier, vol. 118(C), pages 49-56.

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