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“The Brazilian Economy: Growth and Development” is the 7th edition of a comprehensive book by Werner Baer. Baer is a renowned authority on Brazil’s economic development. This book has become a standard reference for those seeking to understand the historical evolution and current workings of the Brazilian economy.
The book explores the economic journey of Brazil from the colonial era to the initial years (2011-2012) of the administration of Dilma Rousseff. This economic journey is detailed by Baer. The book offers a comprehensive study of the biggest economy in Latin America. It emphasize crucial phases like the industrialization after the Second World War (1946-1961). It journeys thru the period of stagnation and growth that resulted in the debt crisis (1961-1985), and the termination of inflation with the implementation of the Real Plan (1994-2002).
The writer provides a critical analysis of the period of economic orthodoxy versus social development (2002-2007). It also analyze Brazil’s rise as a significant player in the global economy. Baer book delves into key issues such as trade and foreign investments, the effects of privatization, regional disparities, the agricultural sector, and the environmental consequences of development.
The 7th edition introduces new chapters that concentrate on the trials and triumphs of the Lula/Rousseff era, and the function of the education system in Brazil. Baer underscores the significance of human capital, illuminating the characteristics of Brazil’s education system and its contribution to economic growth.
To conclude:
“The Brazilian Economy: Growth and Development” presents an exhaustive depiction and examination of Brazil’s economic evolution and achievements. It stands as a definitive guide for those keen on comprehending the intricacies of Brazil’s economy and its position in the global arena. This book is not only enlightening and straightforward, but it also offers essential insights beneficial for students, researchers, and policymakers.
Please note that this is a high-level summary and for a more detailed understanding, reading the full book is recommended.
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Books mentioned in the article: “The Brazilian Economy: Growth and Development” 7th edition by Werner Baer.
