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Brazil in Transition: Beliefs, Leadership, and Institutional Change

Author

Listed:
  • Lee J. Alston

    (Indiana University)

  • Marcus André Melo

    (Federal University, Pernambuco, Brazil)

  • Bernardo Mueller

    (University of Brasília)

  • Carlos Pereira

    (Getúlio Vargas Foundation, Rio de Janero)

Abstract

Brazil is the world's sixth-largest economy, and for the first three-quarters of the twentieth century was one of the fastest-growing countries in the world. While the country underwent two decades of unrelenting decline from 1975 to 1994, the economy has rebounded dramatically. How did this nation become an emerging power? Brazil in Transition looks at the factors behind why this particular country has successfully progressed up the economic development ladder. The authors examine the roles of beliefs, leadership, and institutions in the elusive, critical transition to sustainable development. Analyzing the last fifty years of Brazil's history, the authors explain how the nation's beliefs, centered on social inclusion yet bound by orthodox economic policies, led to institutions that altered economic, political, and social outcomes. Brazil's growth and inflation became less variable, the rule of law strengthened, politics became more open and competitive, and poverty and inequality declined. While these changes have led to a remarkable economic transformation, there have also been economic distortions and inefficiencies that the authors argue are part of the development process. Brazil in Transition demonstrates how a dynamic nation seized windows of opportunity to become a more equal, prosperous, and rules-based society.

Suggested Citation

  • Lee J. Alston & Marcus André Melo & Bernardo Mueller & Carlos Pereira, 2016. "Brazil in Transition: Beliefs, Leadership, and Institutional Change," Economics Books, Princeton University Press, edition 1, number 10745.
  • Handle: RePEc:pup:pbooks:10745
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    Citations

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    Cited by:

    1. Iyigun, Murat & Rubin, Jared & Seror, Avner, 2021. "A theory of cultural revivals," European Economic Review, Elsevier, vol. 135(C).
    2. Lee J. Alston & Marcus André Melo & Bernardo Mueller & Carlos Pereira, 2016. "Why Countries Transition? The Case of Brazil, 1964–2016," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 44(2), pages 197-224, June.
    3. Harris,Colin & Cai,Meina & Murtazashvili,Ilia & Murtazashvili,Jennifer Brick, 2020. "The Origins and Consequences of Property Rights," Cambridge Books, Cambridge University Press, number 9781108969055, October.
    4. Lee Alston & Bernardo Mueller, 2016. "Economic Backwardness and Catching Up: Brazilian Agriculture, 1964–2014," NBER Working Papers 21988, National Bureau of Economic Research, Inc.
    5. Lee J. Alston & Marcus André Melo & Bernardo Mueller & Carlos Pereira, 2016. "A Conceptual Framework for Understanding Critical Transitions," NBER Working Papers 22144, National Bureau of Economic Research, Inc.
    6. Mueller, Bernardo & Mueller, Charles, 2016. "The political economy of the Brazilian model of agricultural development: Institutions versus sectoral policy," The Quarterly Review of Economics and Finance, Elsevier, vol. 62(C), pages 12-20.
    7. Aquino, André Carlos Busanelli de & Batley, Richard A., 2022. "Pathways to hybridization: Assimilation and accommodation of public financial reforms in Brazil," Accounting, Organizations and Society, Elsevier, vol. 98(C).
    8. Sarker, Bibhuti & Serieux, John, 2022. "Foreign-invested and domestic firm attributes and spillover effects: Evidence from Brazil," Journal of Multinational Financial Management, Elsevier, vol. 63(C).
    9. Cecilia Lara & Svante Prado, 2023. "From boom to gloom: Brazilian labour productivity in manufacturing relative to the United States, 1912–2019," Economic History Review, Economic History Society, vol. 76(4), pages 1110-1140, November.
    10. Araújo, Mayara Lucyanne Santos de & Sano, Edson Eyji & Bolfe, Édson Luis & Santos, Jessflan Rafael Nascimento & dos Santos, Juliana Sales & Silva, Fabrício Brito, 2019. "Spatiotemporal dynamics of soybean crop in the Matopiba region, Brazil (1990–2015)," Land Use Policy, Elsevier, vol. 80(C), pages 57-67.
    11. Paulo Correa & Marcus Melo & Bernardo Mueller & Carlos Pereira, 2019. "Political interference and regulatory resilience in Brazil," Regulation & Governance, John Wiley & Sons, vol. 13(4), pages 540-560, December.
    12. Iyigun, Murat & Rubin, Jared & Seror, Avner, 2018. "A Theory of Conservative Revivals," IZA Discussion Papers 11954, Institute of Labor Economics (IZA).
    13. Couyoumdjian, Juan Pablo & Larroulet, Cristián, 2018. "Ideas, leaders, and institutions in 19th-century Chile," Journal of Institutional Economics, Cambridge University Press, vol. 14(5), pages 925-947, October.
    14. Baxter Jamie, 2019. "Leadership, Law and Development," The Law and Development Review, De Gruyter, vol. 12(1), pages 119-158, January.
    15. Lino, André Feliciano & Azevedo, Ricardo Rocha de & Aquino, André Carlos Busanelli de & Steccolini, Ileana, 2022. "Fighting or supporting corruption? The role of public sector audit organizations in Brazil," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 83(C).

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