Do Structural Reforms always Succeed (original) (raw)
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Brazil had faced many changes in its time, as a country it must be ready to handle endless of crisis and prepare better strategies not only to survive but to encourage growth and development. In the past, Brazil was the leading world producer of many agricultural goods and raw materials. Products such as sugar, rubber, and coffee were important exports and were the main focus of the Brazilian government on its export led growth policy. However, as the competition grows and everything is modernized there are price variations in the world market for these commodities, and this condition left the Brazilian economy vulnerable. This vulnerability led the government to make some changes in the system. Right after the crisis, which hit the Latin American countries hardly, Brazil had its structural adjustment whereas they limited the role of government in the industry. Therefore the paper will analyze the steps, which had been taken by the Brazilian government that was meant to bring development. It will highlight whether or not the adjustments were suitable for the political economic condition of Brazil itself and its progress throughout the year. This paper will attempt to evaluate the implementation of the adjustment itself in the past decade.
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Does it Take a Lula to Go to Davos? A Brief Overview of Brazilian Reforms, 1980-2000
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