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Brazil as an emerging economy: a new economic miracle?

Author

Listed:
  • Edmund Amann

    (University of Manchester.)

  • Werner Baer

    (Professor of economics at University of Illinois at Urbana-Champaign.)

Abstract

This article shows that abundant resources and blind faith in an optimistic future cannot result in sustainable growth in Brazil. There are great deficiencies in various areas which make sustained high growth rates almost impossible to achieve, such as the low investment ratio, deficiencies in creating human capital, high interest rates leading to an uncompetitive exchange rate and a lack of infrastructural development. JEL Classification: O11; O12; O43; O54.

Suggested Citation

  • Edmund Amann & Werner Baer, 2012. "Brazil as an emerging economy: a new economic miracle?," Brazilian Journal of Political Economy, Center of Political Economy, vol. 32(3), pages 412-423, July.
    • Handle: RePEc:ekm:repojs:v:32:y:2012:i:3:id:95480
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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O12 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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