IDEAS home Printed from https://ideas.repec.org/a/ekm/repojs/v23y2003i1id95805.html

The Brazilian Swindle and the Larger International Monetary Problem

Author

Listed:
  • James K. Galbraith

    (The author is Lloyd M. Bentsen, Jr. Professor of Government/Business Relations at the Lyndon B. Johnson School of Public Affairs, the University of Texas at Austin, Austin/Texas, USA.)

Abstract

The IMF’s recent loan to Brazil is the best seen as a mechanism of political control rather than economic assistance, except in a very unsustainable short run. Thus hard choices between the priorities of Brazil’s working population and those of international creditors cannot be avoided. This essay explores policy options, and goes on to suggest that while the financial sector is certain to dominate American policy discussion in these matters, it would be wiser to view the larger national economic interest of the United States as aligned with those who advocate stable and sustainable national development in Brazil. JEL Classification: F34.

Suggested Citation

  • James K. Galbraith, 2003. "The Brazilian Swindle and the Larger International Monetary Problem," Brazilian Journal of Political Economy, Center of Political Economy, vol. 23(1), pages 87-97, January.
    • Handle: RePEc:ekm:repojs:v:23:y:2003:i:1:id:95805
    DOI: 10.1590/0101-31572004-0709
    as

    Download full text from publisher

    File URL: https://periodicos.fgv.br/bjpe/article/view/95805
    File Function: Abstract page
    Download Restriction: no
    File URL: https://periodicos.fgv.br/bjpe/article/download/95805/89275
    File Function: Full text
    Download Restriction: no
    File URL: https://libkey.io/10.1590/0101-31572004-0709?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    JEL classification:

    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ekm:repojs:v:23:y:2003:i:1:id:95805. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Cecília Heise (email available below). General contact details of provider: https://periodicos.fgv.br/bjpe .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.