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Donald V. Coes - Macroeconomic crises, policies, and growth in Brazil, 1964-90

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title Macroeconomic Crises Policies and Growth in Brazil 1964-90 World - photo 1

title:Macroeconomic Crises, Policies, and Growth in Brazil, 1964-90 World Bank Comparative Macroeconomic Studies
author:Coes, Donald V.
publisher:World Bank
isbn10 | asin:0821322990
print isbn13:9780821322994
ebook isbn13:9780585244266
language:English
subjectBrazil--Economic policy, Debts, External--Brazil, Brazil--Economic conditions--1964-1985, Brazil--Economic conditions--1985- , Monetary policy--Brazil.
publication date:1995
lcc:HC187.C586 1995eb
ddc:338.981
subject:Brazil--Economic policy, Debts, External--Brazil, Brazil--Economic conditions--1964-1985, Brazil--Economic conditions--1985- , Monetary policy--Brazil.
Page iii
Macroeconomic Crises, Policies, and Growth in Brazil, 1964-90
Donald V. Coes
THE WORLD BANK, WASHINGTON, D.C.
Page iv
1995 The International Bank for Reconstruction
and Development / The World Bank
1818 H Street, N.W., Washington, D.C. 20433
All rights reserved
Manufactured in the United States of America
First printing April 1995
The World Bank Comparative Macroeconomic Studies series emerges from a research project that reviewed the macroeconomic experiences of eighteen developing countries over a period roughly from 1965 to 1990. So that the studies might be published with relatively little delay, the books have been edited outside the World Bank's Office of the Publisher by the Macroeconomic Research Department.
The findings, interpretations, and conclusions expressed in this publication are those of the author and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to the members of its Board of Executive Directors or the countries they represent.
The material in this publication is copyrighted. Requests for permission to reproduce portions of it should be sent to the Office of the Publisher at the address shown in the copyright notice above. The World Bank encourages dissemination of its work and will normally give permission promptly and, when the reproduction is for noncommercial purposes, without asking a fee. Permission to copy portions for classroom use is granted through the Copyright Clearance Center, Inc., Suite 910, 222 Rosewood Dr., Danvers, Massachusetts 01923, U.S.A.
The complete backlist of publications from the World Bank is shown in the annual Index of Publications, which contains an alphabetical title list and indexes of subjects, authors, and countries and regions. The latest edition is available free of charge from Distribution Unit, Office of the Publisher, The World Bank, 1818 H Street, N.W., Washington, D.C. 20433, U.S.A., or from Publications, The World Bank, 66, avenue d'Ina, 75116 Paris, France.
Cover design by Sam Ferro.
Donald V. Coes is Professor of International Management, Anderson School of Management, and Associate Director, Latin American Institute, at the University of New Mexico.
Library of Congress Cataloging-in-Publication Data
Coes, Donald V., 1943
Macroeconomic crises, policies, and growth in Brazil, 1964-90 /
Donald V. Coes.
p. cm. (World Bank comparative macroeconomic studies)
Includes bibliographical references and index.
ISBN 0-8213-2299-0
1. BrazilEconomic policy. 2. Debts, ExternalBrazil.
3. BrazilEconomic conditions1964-1985. 4. BrazilEconomic
conditions1985- 5. Monetary policyBrazil. I. Title.
II. Series.
HC187.C586 1995
338.981dc20 94-31420
CIP
Page v
Contents
Foreword
ix
Acknowledgments
xi
Acronyms
xiii
Data Notes
xv
Chapter 1. Introduction
1
Picture 2
Brazil's Policy Choices of the Post-1964 Period
1
Picture 3
The Forces at Play
4
Chapter 2. The Postwar Brazilian Economy
8
Picture 4
Antecedents to Crisis, 1945-64
8
Picture 5
Stabilization and Reform, 1964-67
13
Picture 6
Economic Growth and Political Repression in the Milagre Years, 1968-73
15
Picture 7
External Shocks and Postponed Adjustment, 1973-82
17
Picture 8
The Collapse of Foreign Lending, 1982-85
21
Picture 9
Stabilization Attempts and Failures after 1985
22
Chapter 3. Special Features of the Brazilian Economy: Population, Education, and Income Distribution
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