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Structural Economic Constraints, The Imf-Style And Perspectives In Brazil

Author

Listed:
  • Joanílio Rodolpho Teixeira

    (Departamento de Economia (Department of Economics)Faculdade de Economia, Administração, Contabilidade e Ciência da Informação e Documentação (FACE) (Faculty of Economics, Administration, Accounting and Information Science) Universidade de Brasília)

  • Rodolfo Marcílio Teixeira

    (Institute of Social Sciences, Universidade de Brasília)

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.

Suggested Citation

  • Joanílio Rodolpho Teixeira & Rodolfo Marcílio Teixeira, 2006. "Structural Economic Constraints, The Imf-Style And Perspectives In Brazil," Working papers - Textos para Discussao do Departamento de Economia da Universidade de Brasilia 328, Departamento de Economia da Universidade de Brasilia.
    • Handle: RePEc:brs:wpaper:328
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    File URL: http://vsites.unb.br/face/eco/textos/didaticos/Texto328.pdf
    File Function: First version, 2006
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    More about this item

    Keywords

    Liberalization; Financial Constraints; Brazil; Worker’s Party; Institutions and Economic Policies;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • P17 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Performance and Prospects

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