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acceleration of inflation Asian economist basic consequence basic input industries basic sectors Brazil is exhausted BRAZILIAN CASE Luiz Brazilian economy Brazilian industrialization capitalist Carlos Bresser Pereira conservative Cruzado decisive role dialectical economists direct state investment economic crisis economic development economic policy economists would give eliminate the public elimination of subsidies export oriented favor fiscal adjustment fiscal crisis foreign debt ideological economists import substitution industries income concentration income distribution increasing consensus industrial policy international competitiveness intervention becomes intervention cycle intervention in Brazil Jeffrey Sachs Keynesian consensus Korea limited state intervention Luiz Carlos Bresser macroeconomic market oriented economy monetarism necessary and efficient neoliberal oil shock overcome the fiscal paralysis phase policymaker populist policies pragmatic and dialectical pragmatic economists privatization promoting economic growth protection public deficit rational expectations reduced response that pragmatic Seiji Naya stagnation state-owned enterprises statist structural reforms Taiwan tax renunciations technobureaucratic technological development theoretical economists Tokyo trade liberalization World Bank