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Abstract
The author characterizes the Brazilian economic crisis within the context of the present world economic situation based on an analysis utilizing the concept of the Kondratieff economic cycle. He reaffirms the necessity to prioritize economic growth and indicates measures which could be taken for the reorientation of domestic production, the development of new financing mechanisms and the redefinition of Brazil’s relationship with the rest of the world, oriented not only in terms of managing the present crisis but also overcoming it.