Political Leadership and Economic Reform : The Brazilian Experience in the Context of Latin America
Brazil grew 2.4 percent per year on average in the last 25 years-somewhat less than Latin America, a good deal less than the world, far less than the emerging countries of Asia in the same period, and indeed far less than Brazil itself in previous...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | Portuguese,English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/265321468018017711/Political-leadership-and-economic-reform-the-Brazilian-experience-in-the-context-of-Latin-America http://hdl.handle.net/10986/28033 |
| Summary: | Brazil grew 2.4 percent per year on
average in the last 25 years-somewhat less than Latin
America, a good deal less than the world, far less than the
emerging countries of Asia in the same period, and indeed
far less than Brazil itself in previous decades. If anything
stands out favorably in recent Brazilian experience, it is
not growth but stabilization and the successful opening of
the economy. The purpose of this paper is more modest. It is
limited to setting out the authors' particular view of recent
efforts to consolidate democracy in Brazil while controlling
inflation and resuming economic growth. At the same time the
paper presents, as objectively as possible, some thoughts on
the limits but also the relevance of action by political
leaders to set a course and circumvent obstacles to that
process. Here and there, the paper refers to the experiences
of other Latin American countries, especially Argentina,
Chile, and Mexico, not to offer a full fledged comparative
analysis but merely to note contrasts and similarities that
may shed light on the peculiarities of the Brazilian case
and suggest themes for a more wide-ranging exchange of views. |
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