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Les causes de la désindustrialisation brésilienne


  • 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.

Suggested Citation

  • Mylène Gaulard, 2011. "Les causes de la désindustrialisation brésilienne," Revue Tiers-Monde, Armand Colin, vol. 0(1), pages 171-190.
  • Handle: RePEc:cai:rtmarc:rtm_205_0171

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    References listed on IDEAS

    1. Johnson, J.H. & Wasty, S.S., 1993. "Borrower Ownership of Adjustment Programs and the Political Economy of Reform," World Bank - Discussion Papers 199, World Bank.
    2. Isabel Günther & Mohamed Ali Marouani & Marc Raffinot, 2006. "La croissance est-elle pro-pauvres au Mali ?," Working Papers DT/2006/15, DIAL (Développement, Institutions et Mondialisation).
    3. Marc Raffinot, 2010. "L'appropriation (ownership) des politiques de développement : de la théorie à la pratique," Mondes en développement, De Boeck Université, vol. 0(1), pages 87-104.
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    Brazil; deindustrialization; finance; crisis; profit;


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