IDEAS home Printed from https://ideas.repec.org/a/nov/artigo/v15y2005i3p53-92.html
   My bibliography  Save this article

A política econômica do governo Médici: 1970-1973 [Economic Policy of the Médici Government: 1970-1973]

Author

Listed:
  • José Pedro Macarini

    (Unicamp)

Abstract

This article focuses on the economic policies of the Emílio Garrastazu Medici administration. This period became known for the official description of the then ongoing economic boom, as if this boom were a real developmental stage that would lead to prolonged growth for decades, thus pulling the country out of its backwardness. In the first section, we will examine the creation of a national project by the military regime, leading to the "Brazil: a Great Power" project, which was based on growth in exports of agricultural products as its core development strategy. The second section presents a detailed summary of the conduct of economic policy - with emphasis given to aspects concerning the core strategy announced, to sustained growth and to stabilization policy. The analysis highlights some specific aspects of the 1972-1973 economic scenario, suggesting that this represents a different period (a second phase) in the conduct of economic policy during the Brazilian "miracle".

Suggested Citation

  • José Pedro Macarini, 2005. "A política econômica do governo Médici: 1970-1973 [Economic Policy of the Médici Government: 1970-1973]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 15(3), pages 53-92, September.
  • Handle: RePEc:nov:artigo:v:15:y:2005:i:3:p:53-92
    as

    Download full text from publisher

    File URL: http://www.face.ufmg.br/novaeconomia/sumarios/v15n3/150303.pdf
    Download Restriction: no

    File URL: http://www.scielo.br/scielo.php?script=sci_pdf&pid=S0103-63512005000300003&lng=pt&nrm=iso&tlng=pt
    Download Restriction: no

    References listed on IDEAS

    as
    1. Graciela Kaminsky & Saul Lizondo & Carmen M. Reinhart, 1998. "Leading Indicators of Currency Crises," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 1-48, March.
    2. Morris Goldstein & Carmen M. Reinhart, 2000. "Assessing Financial Vulnerability: An Early Warning System for Emerging Markets," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 100.
    3. Carmen M. Reinhart & Graciela L. Kaminsky, 1999. "The Twin Crises: The Causes of Banking and Balance-of-Payments Problems," American Economic Review, American Economic Association, pages 473-500.
    4. Douglas W. Diamond & Philip H. Dybvig, 2000. "Bank runs, deposit insurance, and liquidity," Quarterly Review, Federal Reserve Bank of Minneapolis, pages 14-23.
    5. Reuven Glick & Michael M. Hutchison, 1999. "Banking and currency crises; how common are twins?," Proceedings, Federal Reserve Bank of San Francisco.
    6. Diehl, Markus & Schweickert, Rainer, 1998. "Currency crises: Is Asia different?," Kiel Discussion Papers 309, Kiel Institute for the World Economy (IfW).
    7. Velasco, Andres, 1987. "Financial crises and balance of payments crises : A simple model of the southern cone experience," Journal of Development Economics, Elsevier, vol. 27(1-2), pages 263-283, October.
    8. World Bank, 2000. "World Development Indicators 2000," World Bank Publications, The World Bank, number 13828.
    9. repec:wsi:wschap:9789814749589_0011 is not listed on IDEAS
    10. Asli Demirgüç-Kunt & Enrica Detragiache, 1998. "The Determinants of Banking Crises in Developing and Developed Countries," IMF Staff Papers, Palgrave Macmillan, vol. 45(1), pages 81-109, March.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Brazil; military dictatorship; economic policy;

    JEL classification:

    • E65 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Studies of Particular Policy Episodes

    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:nov:artigo:v:15:y:2005:i:3:p:53-92. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bárbara Freitas Paglioto). General contact details of provider: http://edirc.repec.org/data/fufmgbr.html .

    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 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.