By P. Arestis, A. Saad-Filho
This ebook assesses the functionality of the 1st Lula govt (2002-06) from diverse views together with economics, politics, background and social coverage. whereas the point of interest is on Brazil, it additionally refers back to the studies of comparable nations either for comparative reasons and for facts of the good fortune or differently of this 'new' period for Brazil.
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Additional resources for Political Economy of Brazil: Recent Economic Performance
Sample text
5 Conclusion: the end of the PT The policies implemented by the Lula administration have closed the third cycle of the Brazilian left since the early twentieth century. In power at the federal level, the PT has completed its transformation into a conventional political party: it has become indistinguishable from the parties that it previously opposed. The PT has ditched its commitment to radical social and economic reforms; it has condoned the compression of real wages, deindustrialization and denationalization; it has abdicated from the responsibility to promote rapid economic growth based on the domestic market, and it has sponsored corrupt political practices.
São Paulo: Contexto. Saad-Filho, A. (2003) New Dawn or False Start in Brazil? 3–21. Saad-Filho, A. R. 109–35. Saad-Filho, A. R. (2006) ‘Neoliberal Economic Policies in Brazil (1994–2005): Cardoso, Lula, and the Need for a Democratic Alternative’, New Political Economy 11(1), pp. 99–123. Saad-Filho, A. and Morais, L. (2002) ‘Neomonetarist Dreams and Realities: A Review of the Brazilian Experience’, in P. ) A Post Keynesian Perspective on 21st Century Economic Problems, Cheltenham: Edward Elgar. Tavares, L.
Assisted by one of Brazil’s best-known advertising agencies, Lula sailed to a tranquil victory. This episode shows that capital movements can cause significant economic instability and inflict lasting damage to important segments of the Brazilian economy. The ever-present possibility of similar events taking place in the future (in the absence of controls on international capital flows) induced the PT to accept the temporary economic tutelage of the IMF, and to abdicate from considering significant economic policy changes during Lula’s administration.