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Recent macroeconomic trends in emerging economies and implications for development - Country Study: Brazil

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  • Eustáquio Reis

Abstract

The paper reviews the sluggish growth and inclusive developments of the Brazilian economy in the last decade. The first section analyzes the macroeconomic performance pointing export growth as the engine of growth. The second evaluates social policies and their relationship with the improvements in the labor market. The third examines Brazilian policy reactions to the global crisis that managed to recover consumption but failed to sustain investment and growth. The discussion of challenges for a sustainable development concludes the paper. Investment in education and infrastructure are consensual policy advices but there are plenty of disagreements and controversies with regards to industrial policies, financing strategies and the role to be played by the public sector.

Suggested Citation

  • Eustáquio Reis, 2014. "Recent macroeconomic trends in emerging economies and implications for development - Country Study: Brazil," Working Papers 134, United Nations, Department of Economics and Social Affairs.
  • Handle: RePEc:une:wpaper:134
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    File URL: http://www.un.org/esa/desa/papers/2014/
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    More about this item

    Keywords

    Brazil; Macroeconomic performance; Social policies; Financial crisis; Growth strategy;
    All these keywords.

    JEL classification:

    • E63 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Comparative or Joint Analysis of Fiscal and Monetary Policy; Stabilization; Treasury Policy
    • E64 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Incomes Policy; Price Policy
    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

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