Does it Take a Lula to Go to Davos? A Brief Overview of Brazilian Reforms, 1980-2000

30 Pages Posted: 7 Aug 2003  

Nauro F. Campos

Brunel University London - Economics and Finance; Centre for Economic Policy Research (CEPR); University of Michigan at Ann Arbor - The William Davidson Institute; IZA Institute of Labor Economics

Armando Castelar Pinheiro

Institute of Applied Economic Research (IPEA)

Date Written: October 2002

Abstract

What are the determinants of economic reform efforts? This paper tries to throw light on this question by examining recent reforms in Brazil, a country which followed a gradualist approach and was a late-starter among Latin American economies. We argue that these first generation reforms (trade liberalization, stabilization, privatization and the adoption of a new macro-policy framework) were driven by the drastic growth slowdown and redemocratization of the 1980s. We argue that their gradual and democratic implementation not only respond for their sustainability but also shows that the country is ready for a second generation of reforms focusing explicitly on institutional deficiencies.

Keywords: Reform, Stabilization, Economic Policy, Growth, Brazil

JEL Classification: H11, O11, O23, O40, O54d

Suggested Citation

Campos, Nauro F. and Pinheiro, Armando Castelar, Does it Take a Lula to Go to Davos? A Brief Overview of Brazilian Reforms, 1980-2000 (October 2002). William Davidson Institute Working Paper No. 580. Available at SSRN: https://ssrn.com/abstract=419463 or http://dx.doi.org/10.2139/ssrn.419463

Nauro F. Campos (Contact Author)

Brunel University London - Economics and Finance ( email )

Uxbridge UB8 3PH
United Kingdom

Centre for Economic Policy Research (CEPR)

77 Bastwick Street
London, EC1V 3PZ
United Kingdom

University of Michigan at Ann Arbor - The William Davidson Institute

724 E. University Ave.
Wyly Hall
Ann Arbor, MI 48109-1234
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

Armando Castelar Pinheiro

Institute of Applied Economic Research (IPEA) ( email )

Av. Pres. Antonio Carlos , 51 - 14 andar
Rio de Janeiro, RJ, 20020-010
Brazil
55-21-3804-8126 (Phone)

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