Structural adjustment and Brazilian economic development

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dc.contributor.advisor Veltmeyer, Henry
dc.coverage.spatial Brasil
dc.creator Lin, Zheng 2011-05-09T12:32:24Z 2011-05-09T12:32:24Z 1994
dc.identifier.other HC187 L56 1994
dc.description vi, 104 leaves ; 28 cm.
dc.description Includes abstract.
dc.description Includes bibliographical references (leaves 99-104).
dc.description.abstract This thesis is titled Structural Adjustment and Brazilian Economic Development. This study addresses the issue of structural adjustment in Brazil from a historical point of view, looking specifically at the fundamental impact of its policies on Brazil's dependency in the development process. The Structural Adjustment Program (SAP) is a specific policy-lending program initiated by the World Bank and the International Monetary Fund (IMF) in early 1980s, which is designed to stabilize distressed economy and to readjust the world economy into a neo-classical economic structure. Originally, Brazil was a typical classical dependent economy. Since the 1950s Brazil initiated its industrialization process under the import substitution strategy which was aimed at establishing a self-sustaining industrial system on the basis of "state control", and successfully transformed from a colonial agriculture-dominated economy into an industrial economy. In the 1960s, under the constraints of capital accumulation rooted in a colonial economic structure, Brazil introduced neo-classical economic policies, combining them with an ISI strategy under a stabilization program, creating the economic miracle by taking advantages of favourable international conditions. However, over-reliance on foreign capital and the world market led Brazil economy towards a dependent form of development. In the 1970s, the debt crisis caused by unfavourable international conditions after a series of oil shocks forced Brazil to borrow from the IMF and to adopt its SAP, which introduced a package of free market policies, distorting the leading role of the state in Brazil's development process, and creating a dependent peripheral economy. This thesis concludes that the SAP is not an appropriate strategy for Brazil's development, and is a program designed for the benefit of the core countries.
dc.description.provenance Made available in DSpace on 2011-05-09T12:32:24Z (GMT). No. of bitstreams: 0 en
dc.language.iso en
dc.publisher Halifax, N.S. : Saint Mary's University
dc.subject.lcc HC187
dc.subject.lcsh Structural adjustment (Economic policy) -- Brazil
dc.subject.lcsh Brazil -- Economic conditions
dc.title Structural adjustment and Brazilian economic development
dc.type Text Master of Arts in International Development Studies Masters International Development Studies Program Saint Mary's University (Halifax, N.S.)
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