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Economic Orthodoxy Versus Social Development? The Dilemmas Facing Brazil's Labour Government

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  • Edmund Amann
  • Werner Baer

Abstract

It has often been suggested that the trade-off between equity and efficiency can be overcome by achieving both goals sequentially. This article shows how the government of President Lula has tried to follow this rule, by first emphasizing economic orthodoxy, to be followed by measures to achieve more socio-economic equity. With President Lula's administration in the second half of its mandate, our analysis suggests that such a sequence may be difficult to achieve.

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  • Edmund Amann & Werner Baer, 2006. "Economic Orthodoxy Versus Social Development? The Dilemmas Facing Brazil's Labour Government," Oxford Development Studies, Taylor & Francis Journals, vol. 34(2), pages 219-241.
    • Handle: RePEc:taf:oxdevs:v:34:y:2006:i:2:p:219-241
    DOI: 10.1080/13600810600705148
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    References listed on IDEAS

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    1. Minella, Andre & de Freitas, Paulo Springer & Goldfajn, Ilan & Muinhos, Marcelo Kfoury, 2003. "Inflation targeting in Brazil: constructing credibility under exchange rate volatility," Journal of International Money and Finance, Elsevier, vol. 22(7), pages 1015-1040, December.
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    Cited by:

    1. Amann, Edmund & Baer, Werner & Trebat, Thomas & Lora, Juan Villa, 2016. "Infrastructure and its role in Brazil's development process," The Quarterly Review of Economics and Finance, Elsevier, vol. 62(C), pages 66-73.
    2. Baer, Werner & Galvão Jr., Antonio Fialho, 2008. "Tax burden, government expenditures and income distribution in Brazil," The Quarterly Review of Economics and Finance, Elsevier, vol. 48(2), pages 345-358, May.

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