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Dilemmas of Brazilian Economic Development in the Twenty-First Century

In: The Brazilian Economy Today

Author

Listed:
  • Lauro Mattei
  • Anthony W. Pereira

Abstract

After several decades of stagnation since the beginning of the twenty-first century, the Brazilian economy has made important changes (ECLAC, 1950; Edwards, 2009 Panizza, 2009). There has been a new growth cycle that directed government action to combat social inequalities and resume the construction of a new pattern of development, but without changing the structural conditions of a peripheral economic system (Sicsú, Oreiro and Paula, 2003). This growth cycle was relatively high between 2003 and 2010, when the country had an annual growth rate of 2.5 percent compared to less than one percent in the previous decade (Weisbrot, Johnston & Lefebvre, 2014). However, due to the global economic crisis, since 2011 the Brazilian economy has been stagnant, with very low GDP growth rates (Bacen, 2014).

Suggested Citation

  • Lauro Mattei & Anthony W. Pereira, 2015. "Dilemmas of Brazilian Economic Development in the Twenty-First Century," Palgrave Macmillan Books, in: Anthony W. Pereira & Lauro Mattei (ed.), The Brazilian Economy Today, chapter 1, pages 3-25, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-137-54981-5_1
    DOI: 10.1057/9781137549815_1
    as

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