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O Estado e o crescimento econômico na America Latina: Brasil e México, 1880-1920

Author

Listed:
  • Carlos Marichal

    (Colegio de Mexico)

  • Steven Topik

    (Univ. of California, Irvine)

Abstract

The self-proclaimed "liberal" economic policies of Brazil and Mexico in the period of 1870-1910 emphasized, according to the conventional historiography, small government, foreign investment and free trade. We found, however, that the states in Brazil and Mexico, while graded by the theory of liberalism, in fact played central roles in economic development. Links to the international economy paradoxically forced some interventionist policies through new financial and monetary policies, raising tariffs, participation in commodity markets, and promotion of state enterprises such as the nationalization of the railroads. Officials were not driven simply by ideology and their actions changed over time. National sovereignty and political peace were as compelling as the balance of payments and per capita GNP. Markets did not run oar their own, they required states' guidance.

Suggested Citation

  • Carlos Marichal & Steven Topik, 2003. "O Estado e o crescimento econômico na America Latina: Brasil e México, 1880-1920," História Econômica & História de Empresas, ABPHE, vol. 6(1), pages 7-34, January-J.
    • Handle: RePEc:abp:hehehe:v:6:y:2003:i:1:p:7-34
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    More about this item

    JEL classification:

    • N76 - Economic History - - Economic History: Transport, International and Domestic Trade, Energy, and Other Services - - - Latin America; Caribbean
    • N16 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Latin America; Caribbean
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O24 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Trade Policy; Factor Movement; Foreign Exchange Policy
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • N46 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Latin America; Caribbean

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