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Populism and Economic Policy in Brazil

Published online by Cambridge University Press:  02 January 2018

Luiz Carlos Bresser Pereira
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Extract

Political or ideological obstacles have proved of paramount importance in Brazil's ability to adopt sound, consistent economic policies — the kind of policies the country needs if it is to overcome economic crisis and consolidate modern capitalism and democracy. Brazil's recent democratization was based on solid economic and social reality, representing the victory of civil society rather than a gift from the military regime. Nevertheless, it failed to tackle some of the basic ideologies and political practices which are typical of middle-income, industrialized, yet underdeveloped countries like Brazil: such as economic populism, developmentalism, anachronistic nationalist beliefs, political clientelism, unrealistic worker demands, conservatism, the orthodoxy of neoliberal monetarism, and the inability of short-sighted business elites to define the national interest.

Type
Research Article
Information
Journal of Interamerican Studies and World Affairs , Volume 33 , Issue 2 , Summer 1991 , pp. 1 - 22
Copyright
Copyright © University of Miami 1991

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