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In Brazil, the confluence of strong global demand for the country's major products, global successes for its major corporations, and steady results from its economic policies is building confidence and even reviving dreams of grandeza—the greatness that has proven elusive in the past. Even as the current economic crisis tempers expectations of the future, the trends identified in this book suggest that Brazil will continue its path toward becoming a leading economic power in the future. Once seen as an economic backwater, Brazil now occupies key niches in energy, agriculture, service industries, and even high technology. Yet Latin America's largest nation still struggles with endemic inequality issues and deep-seated ambivalence toward global economic integration. Scholars and policy practitioners from Brazil, the United States, and Europe recently gathered to investigate the present state and likely future of the Brazilian economy. This important volume is the timely result. In Brazil as an Economic Superpower? international authorities focus on five key topics: agribusiness, energy, trade, social investment, and multinational corporations. Their analyses and expertise provide not only a unique and authoritative picture of the Brazilian economy but also a useful lens through which to view the changing global economy as a whole.
The 1985 elections in Brazil returned South America's largest country to democratic rule after two decades of military government. But the Sarney administration faces substantial economic and political challenges: over a 250 percent annual inflation rate, a foreign debt of more than $115 billion, and over a 20 percent unemployment rate. This collec
Brazil is the world's sixth-largest economy, and for the first three-quarters of the twentieth century was one of the fastest-growing countries in the world. While the country underwent two decades of unrelenting decline from 1975 to 1994, the economy has rebounded dramatically. How did this nation become an emerging power? Brazil in Transition looks at the factors behind why this particular country has successfully progressed up the economic development ladder. The authors examine the roles of beliefs, leadership, and institutions in the elusive, critical transition to sustainable development. Analyzing the last fifty years of Brazil's history, the authors explain how the nation's beliefs, centered on social inclusion yet bound by orthodox economic policies, led to institutions that altered economic, political, and social outcomes. Brazil's growth and inflation became less variable, the rule of law strengthened, politics became more open and competitive, and poverty and inequality declined. While these changes have led to a remarkable economic transformation, there have also been economic distortions and inefficiencies that the authors argue are part of the development process. Brazil in Transition demonstrates how a dynamic nation seized windows of opportunity to become a more equal, prosperous, and rules-based society.
The Brazilian economy has long been defined by its enormous potential. Over the past 30 years, some of this has at last been realised. Latin America’s largest economy has rapidly risen in global importance while poverty at home has declined. Yet, despite periods of progress, Brazil remains prone to economic crisis. It is also beset with stubborn inefficiencies and income disparities. This book considers the structural challenges which will need to be overcome if Brazil is to break with the past and finally embark on a path of sustained, inclusive growth. This book aims to give the reader a clear knowledge of the nature of these structural challenges, why they exist and the effectiveness of attempts to overcome them. Through this, readers will gain a deep understanding of the contemporary Brazilian economy. The challenges discussed fall into three areas: those centring on competitiveness and the supply side, those arising from critical macroeconomic issues and those connected with environmental sustainability and social inclusion. This volume systematically examines each of these domains, highlighting such vital topics as export competitiveness, human capital formation, environmental policy and the role of financial market reform. Where appropriate, this book sets Brazil’s experience in an international comparative context. It points out that many of the challenges faced by Brazil are shared by other emerging economies. In this sense, the policy lessons which stem from this volume have broader international relevance. This book will be vital reading for all those seeking in-depth understanding of one of the world’s most important, yet troubled, economies. This readership is likely to include undergraduate and postgraduate students on development economics and Latin American area studies programmes, policymakers wanting an up-to-date and coherent analysis of Latin America’s largest economy, and financial professionals.
This book analyzes Brazil's foreign relations, politics, domestic economy, international economic relations, and relations with multinational corporations. It identifies the balance-of-payments crisis in the late 1970s as the key to Brazil's economic and political future.
Complementarities between political and economic institutions have kept Brazil in a low-level economic equilibrium since 1985.
Shows that economic concerns about jobs, costs, and consumption, rather than climate change, are likely to drive energy transition in developing countries.
The transition from authoritarian to democratic government in Brazil unleashed profound changes in government and society that cannot be adequately understood from any single theoretical perspective. The great need, say Graham and Wilson, is a holistic vision of what occurred in Brazil, one that opens political and economic analysis to new vistas. This need is answered in The Political Economy of Brazil, a groundbreaking study of late twentieth-century Brazilian issues from a policy perspective. The book was an outgrowth of a year-long policy research project undertaken jointly by the Lyndon B. Johnson School of Public Affairs and the Teresa Lozano Long Institute of Latin American Studies, both at the University of Texas at Austin. In this book, several noted scholars focus on specific issues central to an understanding of the political and economic choices that were under debate in Brazil. Their findings reveal that for Brazil the break with the past—the authoritarian regime—could not be complete due to economic choices made in the 1960s and 1970s, and also the way in which economic resources committed at that time locked the government into a relatively limited number of options in balancing external and internal pressures. These conclusions will be important for everyone working in Latin American and Third World development.
A fabled country with a reputation for danger, romance and intrigue, Brazil has transformed itself in the past decade. This title, written by the go-to journalist on Brazil, intimately portrays a country of contradictions, a country of passion and above all a country of immense power.
This book explores new forms of popular organisation that emerged from strikes in India and Brazil between 2011 and 2014. Based on four case studies, the author traces the alliances and relations that strikers developed during their mobilisations with other popular actors such as students, indigenous peoples, and people displaced by dam projects. The study locates the mass strikes in Brazil’s construction industry and India’s automobile industry in a global conjuncture of protest movements, and develops a new theory of strikes that can take account of the manifold ways in which labour unrest is embedded in local communities and regional networks. “Jörg Nowak has written an ambitious, wide-ranging and very important book. Based on extensive empirical research in Brazil and India and a thorough analysis of the secondary literature, Nowak reveals that numerous labour conflicts develop in the absence of trade unions, but with the support of kinship networks, local communities, social movements and other types of associations. This impressive work may well become a major building block for a new interpretation of global workers’ struggles.” —Marcel van der Linden, International Institute of Social History, The Netherlands “Nowak’s book meticulously details the trajectory of strikes and its resultant new forms of organisations in India and Brazil. The central focus of this analytically rich and thought provoking book is to search for a new political alternative model of organising workers. A very good deed indeed!” —Nandita Mondal, Tata Institute of Social Sciences, India “Jörg Nowak analyses with critical sense forms of popular organization that often remain invisible. It is an indispensable book for all those who are looking for more effective analytical resources to better understand the present situation and the future promises of the workers’ movements.” —Roberto Véras de Oliveira, Federal University of Paraíba, Brazil “In this timely and important study, Nowak convincingly challenges the dominant Eurocentric approach to labour conflict and calls for a new theory of strikes. He stresses the need to engage in a wider perspective that includes social reproduction, neighbourhood mobilisations, and the specific traditions of struggles in the Global South.” —Edward Webster, University of Witwatersrand, South Africa