Pro-Poor Macroeconomics in Brazil?
28 Pages Posted: 27 Oct 2005
Date Written: October 2005
This paper reviews the recent economic policies in Brazil and their impacts on the poor, and examines macro policies required to allow for poverty reduction. We first present the economic policies of the following periods and their impacts on growth and on the poor: 1980-1989, 1990-2002, and 2003-2004. The split between the first and second periods is due to the major break of policy orientation from 1990 onwards. The last period seeks to examine whether the economic policy of President Lula da Silva is favoring the poor as compared to his predecessors. Then we discuss macroeconomic policy alternatives that can lead Brazil towards a faster and more equitable growth and rapid poverty reduction. We conclude presenting the lessons drawn from the Brazil's case.
Keywords: economic growth, economic reforms, poverty, income distribution, pro-poor macroeconomics, Brazil
JEL Classification: I30, O10, O40
Suggested Citation: Suggested Citation