Brazilian Economy

Friday, March 21, 2014

Summary the Brazilian economy in forced march Antonio Barros de Castro and Francisco Eduardo Saucers of Souza. So Paulo: Peace and Land, 2004. The author Antonio de Castro by means of the book the Brazilian economy in forced march presents the Brazilian experience of adjustment: he describes, he interprets, he questions and he characterizes the occured changes in the Brazilian economy in the period of 1974 the 1984. For in such a way the book he is structuralized in three main chapters: Adjustment x Transformation, Metamorphoses of the external indebtedness and In the threshold of the growth. However in this summary a more refined analysis of the chapter will become Adjustment x Transformation. The Brazilian economy of 1974 the 1984. Where the same it is divided in four subcaptulos.

Initially the author presents the Brazilian situation, that for two times was placed the test. First in 1974, when the necessities of oil, raw materials and machines were beyond the importation capacity, and later in 1981 the 1983 when the economy seemed to walk for the collapse, placing the country ahead of the unemployment in mass and the hypothesis of the trashing of the industry. Ahead of this succession of crises two trends had come if to affirm, one that nailed the regeneration of the economy through the implantation of a market economy, without interferences of the state, opened to the competition international and guided by prices freely established; another one that sheltered heterogeneous positions. In reply to the 1974 crisis, the Brazilian economy was taken to enter a long period of march forced, that of beginning if translates the sustentation of raised taxes of investments, where in full recessivo period the results appears in an improvement in the rocking of payments and with the retaken one of the growth. The public deficit, the tax of interests and the inflation had not hindered the retaken one, moreover, its treatment was facilitated with the proper growth.