The external adjustment strategy of the Second National Development Plan

Vol. 7 No. 2 (1987)

Apr-Jun / 1987
Published April 1, 1987
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Batista, Jorge Chami. 1987. “The External Adjustment Strategy of the Second National Development Plan”. Brazilian Journal of Political Economy 7 (2):228-44. https://doi.org/10.1590/0101-31571987-2066.

The external adjustment strategy of the Second National Development Plan

Jorge Chami Batista
Universidade Federal do Rio de Janeiro – UFRJ., Rio de Janeiro/RJ, Brasil.
Brazilian Journal of Political Economy, Vol. 7 No. 2 (1987), Apr-Jun / 1987, Pages 228-244

Abstract

The principal aim of this paper is to discuss the growth-cum-debt strategy set
out in the II NDP and adopted in Brazil between 1974 and 1979, as a way of making the
external adjustment of the economy. It is argued that, despite the mistakes made by the
authorities in Brazil on matters of economic policy and on certain investment decisions, the
strategy set out in the II NDP and pursued over the period between 1974 and 1979 played,
on the whole, a positive role in adjusting Brazil’s external accounts in addition to sustaining
economic growth.

JEL Classification: H63; H54.


Keywords: Industrial policy foreign financing public debt II PND