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The external adjustment strategy of the Second National Development Plan

Author

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  • Jorge Chami Batista

Abstract

The principal aim of this paper is to discuss the growth-cum-debt strategy setout in the II NDP and adopted in Brazil between 1974 and 1979, as a way of making theexternal adjustment of the economy. It is argued that, despite the mistakes made by theauthorities in Brazil on matters of economic policy and on certain investment decisions, thestrategy set out in the II NDP and pursued over the period between 1974 and 1979 played,on the whole, a positive role in adjusting Brazil’s external accounts in addition to sustainingeconomic growth. JEL Classification: H63; H54.

Suggested Citation

  • Jorge Chami Batista, 1987. "The external adjustment strategy of the Second National Development Plan," Brazilian Journal of Political Economy, Center of Political Economy, vol. 7(2), pages 228-244.
    • Handle: RePEc:ekm:repojs:v:7:y:1987:i:2:p:228-244:id:1648
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    More about this item

    Keywords

    Industrial policy; foreign financing; public debt; II PND;
    All these keywords.

    JEL classification:

    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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