The Brazilian Economy: Growth and Development 5th Edition / Edition 5

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Bringing the analysis of Brazil's economic performance up to date, Baer's classic text remains the only book in English to provide a thorough historical, statistical, and institutional description of the Brazilian economy. After touching on such issues as Brazil's exporting economy prior to the 1930s, the impact of external shocks, and the historical struggle to bring inflation under control, the book turns to contemporary issues. The changing nature of Brazil's international trading and investment links, the past role of state enterprises and the process of privatization, the agricultural sector, environmental issues, and the economics of the health delivery system are thoroughly examined.

Offering a full statistical and institutional description of Brazil's economy, this book includes a review of the major controversies surrounding such issues as the high degree of concentration in the country's income distribution, the causes of inflation, the impact of various stabilization programs, and the influences of the state in the economy. Scholars, students, international institutions dealing with development, and corporate officers dealing with Latin America will welcome this up-to-date, definitive book on one of the world's largest economies.

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Editorial Reviews

Examines the historical evolution of the Brazilian economy, focusing on the process of its industrialization in the 20th century, the methods used to achieve it, its impact on the socioeconomic environment, and adjustments that socioeconomic institutions have had to make in response to structural changes in the economy. Looks at the mixture of private and state capitalism that has emerged in the country, emphasizing its difference from mixed economies of Western Europe, and investigates economic policies that contribute to underdevelopment in the midst of economic growth. This third edition contains three new chapters on the economy up to the year 2000, the restructuring and privatization of Brazil's banking system, and issues related to health and the economy. Baer teaches economics at the University of Illinois-Urbana-Champaign. Annotation c. Book News, Inc., Portland, OR (
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Product Details

  • ISBN-13: 9780275966799
  • Publisher: ABC-CLIO, Incorporated
  • Publication date: 5/30/2001
  • Edition description: 5TH
  • Edition number: 5
  • Pages: 522
  • Product dimensions: 6.14 (w) x 9.21 (h) x 1.05 (d)

Meet the Author

WERNER BAER is Professor of Economics at the University of Illinois at Urbana-Champaign.

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Table of Contents

Preface to the Fourth Edition
1 Introduction and Overview 3
2 Historical Perspective 11
3 Early Industrial Growth 25
4 The Post-World War II Industrialization Drive: 1946-61 47
5 Stagnation and Boom: Brazil in the 1960s and 1970s 73
6 From Adjustment to External Shocks to the Debt Crisis: 1973-85 89
7 The Resurgence of Inflation in Brazil: 1974-86 121
8 The Decline and Fall of Brazil's Cruzado 149
9 Brazil's Drifting Economy: Stagnation and Inflation During 1987-93 177
10 The External Sector: Trade and Foreign Investments 205
11 Brazil's Extended Public Sector: Its Changing Role and Privatization 243
12 Regional Imbalances 275
13 The Performance of Agriculture 301
14 Environmental Aspects of Brazil's Development 325
15 Structural Changes in Brazil's Industrial Economy, 1960-80 359
Epilogue: The "Plano Real" 377
Statistical Appendix 381
Bibliography 395
Index 411
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