Abstract

As a way out for the indebtedness crisis the economists of the World Bank and the IMF have been advocating the outward looking development’s thesis. The degree of the opening of the economy and the dynamics of the foreign trade were promoted to the level of true indicators of development without concern with the social and ecology costs of the exports. The inadequacy of this strategy for the third world countries, the feasibility of a moratorium and the advantages of a introverted growth, mainly in the Brazilian case, are analyzed in this paper. Some obstacles which Brazil will face in the retake of economic growth are also focused.