The Brazilian Economy: Growth and Development
?Baer?s book has become the standard, authoritative reference for those who need to understand the current workings, as well as the historical evolution, of the Brazilian economy. This timely and welcome new edition sheds important light on the policy challenges facing Brazil in the 21st century.??Riordan Roett, Johns Hopkins UniversityIn this thorough description and analysis of Latin America?s largest economy, Werner Baer traces the trajectory of Brazil?s economic development from the colonial period through the current Lula administration.The sixth edition includes vast amounts of new statistical and institutional information, as well as a detailed assessment of the country?s economic performance over the last decade. Current, and often contentious, issues such as privatization, income and regional inequalities, and the environmental impact of development are also extensively explored.Designed to be broadly accessible, this new edition will be valuable in a wide range of venues, from universities to the corporate world to the libraries of development organizations. Werner Baer is Jorge Lemann Professor of Economics at the University of Illinois, Champaign-Urbana. Among his most recent publications are Liberalization and its Consequences and Foreign Direct Investment in Latin America: Its Changing Nature at the Turn of the Century.Contents: Introduction. The Historical Trajectory. The Colonial Period and the Nineteenth Century. Early Industrial Growth. Post?World War II Industrialization: 1946?1961. From Stagnation and Boom to the Debt Crisis: 1961?1985. Inflation and Economic Drift: 1985?1994. The Real Plan and the End of Inflation: 1994?2002. Economic Orthodoxy vs. Social Development: 2002?2007. Exploring Central Issues. The External Sector: Trade and Foreign Investments. The Changing Public Sector and the Impact of Privatization. Regional Inequalities. The Agricultural Sector. The Environmental Impact of Development. Healthcare. Neoliberalism and Market Concentration: The Emergence of a Contradiction? Conclusion. Structural Changes in Brazil?s Economy: 1960?2006.
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The Colonial Period and the Nineteenth Century
Early Industrial Growth
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agricultural Amazon areas average Banco do Brasil billion BNDES Brazil Brazilian economy center-south Central do Brasil coffee concentration Conjuntura Economica country's crisis Cruzado Cruzado Plan cruzeiro debt decline deficit Desenvolvimento devaluation distribution domestic early Economia Brasileira economic environmental exchange rate expansion expenditures exports finance firms fiscal foreign capital Getulio Vargas greater Sao Paulo growth rate IBGE Ibid impact import substitution imports incentives income increased industrial inflation inflationary inflow infrastructure institutions interest rates IPEA labor land Latin loans Lula manufacturing ment Mercosul Minas Gerais monetary multinationals northeast output payments percent of GDP percentage period policies political pollution population private sector public sector public utilities reform region result Rio de Janeiro rise rose Sao Paulo share Source southeast steel structure substantial Table tariffs Textiles tion trade urban Werner Baer World Bank