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Les causes de la désindustrialisation brésilienne

Listed author(s):
  • Mylène Gaulard

In Brazil, the slowdown of accumulation and deindustrialization are often viewed as consequences of the financialization of the Brazilian economy. Indeed, very high interest rates are maintained in order to finance the public debt, and this prompts investors to get more Treasury bonds rather than invest in the productive area. Nevertheless, the evolution of the profit rate in this area also explains the particular relation existing between entrepreneurs and investment. Indeed, the end of the “Economic Miracle” and the crisis of the 1980s can be analysed as consequences of the falling rate of profit in industry.

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Article provided by Armand Colin in its journal Revue Tiers Monde.

Volume (Year): n°205 (2011)
Issue (Month): 1 ()
Pages: 171-190

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Handle: RePEc:cai:rtmarc:rtm_205_0171
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