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The Brazilian deindustrialization: financialization is not guilty.
- Source :
-
Brazilian Journal of Political Economy / Revista de Economia Política . abr-jun2015, Vol. 35 Issue 2, p227-246. 20p. - Publication Year :
- 2015
-
Abstract
- The financialization of the Brazilian economy is often criticized as being responsible of the slowdown of capital accumulation in this country. Indeed, very high interest rates are maintained in order to finance the public debt, and this fosters capitalists to get more Treasury bonds rather than to invest in the productive area. Nevertheless, the evolution of the profit rate in this area also explains the particular relation existing between capitalists, finance and productive investment, as Marx showed it more than a century ago. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 01013157
- Volume :
- 35
- Issue :
- 2
- Database :
- Academic Search Index
- Journal :
- Brazilian Journal of Political Economy / Revista de Economia Política
- Publication Type :
- Academic Journal
- Accession number :
- 102958243
- Full Text :
- https://doi.org/10.1590/0101-31572015v35n02a02