Rise and decline of the seventies

Vol. 3 No. 2 (1983)

Apr-Jun / 1983
Published April 1, 1983
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Bresser-Pereira, Luiz Carlos. 1983. “Rise and Decline of the Seventies”. Brazilian Journal of Political Economy 3 (2):222-46. https://doi.org/10.1590/0101-31571983-2103.
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Rise and decline of the seventies

Luiz Carlos Bresser-Pereira
Fundação Getúlio Vargas, São Paulo. São Paulo/SP, Brasil.
Brazilian Journal of Political Economy, Vol. 3 No. 2 (1983), Apr-Jun / 1983, Pages 222-246

Abstract

Analysis of the Brazilian economy between 1970 and 1982, focusing on its cyclical
nature. After a short analysis of the economy’s expansion up to 1974, the author discusses
alternative theories for the reversion of the cycle. With the subsequent slowdown of economic
growth, we have inflation and an explosive increase in the foreign debt. Finally, the
article analyses the 1981-1982 recession and the underlying distributive crisis.

JEL Classification: O40; O11; E31.


Keywords: Business cycle external debt recession inflation