Cycles and structural changes in the Brazilian post-war economy: the recent crisis
Abstract
The objective of this essay is to describe and analyze the main trends and transformations
in the Brazilian economy in the period following the Second World War. The first part
briefly outlines the basic antecedents of Brazilian economic growth in recent decades, as well
as the main structural problems that are present today. It also suggests the fundamental characteristics
that result from the presence of two key players in the Brazilian economic scenario:
the State and transnational corporations. The Second Part describes the major cycles observed
in the post-war period, analyzing the factors and conditions that explain the main turning
points or phases. The last section outlines the main characteristics of the recent evolution of
the Brazilian economy, as well as the conditions for an alternative development strategy. This
is the second part of the study. The first part was published in the last number of this journal.
JEL Classification: O40; O47; N16; O14.
Keywords: Transnationals economic cycles State industrialization economic history of Brazil inflation