Economic growth and foreign debt negotiation

Vol. 12 No. 1 (1992)

Jan-Mar / 1992
Published January 1, 1992
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Barbosa, Fernando de Holanda, and Manuel Sánchez de La Cal. 1992. “Economic Growth and Foreign Debt Negotiation”. Brazilian Journal of Political Economy 12 (1):17-41. https://doi.org/10.1590/0101-31571992-0638.

Economic growth and foreign debt negotiation

Fernando de Holanda Barbosa
Da Escola de Pós-Graduação em Economia, Fundação Getúlio Vargas e do Departamento de Engenharia de Produção, da Universidade Federal Fluminense.
Manuel Sánchez de La Cal
Da Faculdade de Economia, da Universidade Federal do Estado do Rio de Janeiro – UFRJ, Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 12 No. 1 (1992), Jan-Mar / 1992, Pages 17-41

Abstract

The objective of this paper is to analyze the negotiation of Brazil’s foreign debt
within a strategy of economic growth. It draws a general profile of the main characteristics
of Brazilian indebtedness, emphasizing the gross errors of economic policy made during the
period 1974/89. The paper presents a fairly simple model of foreign-debt dynamics and describes
the framework of debt-negotiation program aims at fighting inflation and restoring
economic growth.

JEL Classification: F30; F34.


Keywords: Growth foreign debt negotiation