This paper analyzes the path that Brazil?s economy has taken to reach today's status; the status of a stable economy that shows high potential to meet the challenging expectations that economists set on it. The idea is to source the roots of the economic stability and performance of Latin America?s largest country and to highlight the implications it will have in the near and remote future.
Chapter 2 focuses on the Real Plan launched in 1994. A set of reforms which transformed Brazil’s economy from a protected economy facing four-digit inflation rates into a stable economy capable of competing with developed economies. It discusses the implementation of the Real Plan, its measures and its positive and negative consequences for the Brazilian economy.
Furthermore we are going to deal with the recent past of Brazil’s economy since the presidential elections in 2002, when the leader of the workers’ party Lula da Silva was elected. We focus on the economic policy of the president and its government, whose election has almost led to the default of the Brazilian state because financial markets were afraid that the socialist candidate would pursue a 180 degree turn compared to the neoliberal economic policy of his predecessor. We analyze why Brazil was one of the last countries being affected by the financial crisis and why it
was one of the first to leave it behind.
Table of Content
List of figures and tables
List of abbreviations
1. Introduction
2. The Real Plan - The origin of macroeconomic stability
2.1. Introduction of the Real Plan and its consequences
2.2. Brazil under Lula and the financial crisis
3. Drivers of the economic growth: In-depth analysis of the economic sectors ..
3.1. The agricultural sector
3.2. The industrial sector
3.3. The service sector
3.4. Trade and domestic demand
4. Implications for Brazil’s economic future - Analysis of necessary conditions for growth
5. Conclusion
References
Appendix
- Citar trabajo
- Christian Sprinkmeyer (Autor), Joao Miguel Rodrigues (Autor), 2009, The Reform Process in Brazil, Múnich, GRIN Verlag, https://www.grin.com/document/186689
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