"The limits of Brazilian development between 2003 and 2016" by Brenda Fontana and Caio Gontijo
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...
Source: uow.edu.au