1. LOS LÍMITES DEL DESARROLLO BRASILEÑO ENTRE 2003 Y 2016.
- Author
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Fontana, Brenda and Gontijo, Caio
- Subjects
- *
ECONOMIC development , *ECONOMIC expansion , *DEINDUSTRIALIZATION , *ECONOMIC models , *FINANCIALIZATION , *FOREIGN exchange rates , *NEOLIBERALISM - Abstract
This article examines Brazil's economic experience between 2003 and 2016, its limits in promoting development and structural change while analyzing the policies adopted and their consequences. The economic growth model based on the conciliation of competing interests and the maintenance of liberal orthodoxy proved unsustainable in the medium term. Maintaining the overvalued exchange rate and high-interest rate hindered industry and national development. The timid attempt at developmentalism could not contain the process of deindustrialization and financialization. The neoliberal agenda was maintained, which prevented structural changes and deepened financialization. [ABSTRACT FROM AUTHOR]
- Published
- 2024
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