O plono real e a agricultura brasileira perspectivas
By: MELO, Fernando Homem de
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ArticlePublisher: São Paulo : Editora 34, out./dez. 1999Revista de Economia Política = Brazilian Journal of Political Economy 19, 4 , p. 146-155Abstract: This paper reviews the effects of Plano Reals macroeconomic policies on agriculture and discusses the new perspectives open after the strong devaluation of our currency in January 1999. Brazilian agriculture was severely affected by the combination of high interest rates overvalued exchange rate. In addition, it has had to face the problems of excessive reduction in import tariffs, of financed imports and of low economic growth rates in recent years. Some favorable changes in international trade offset, at least partially, the problem of currency overvaluation. Brazil has always been recognized as having a strong comparative advantage in agriculture. The devaluation which occurred, beginning in January 1999, opens better perspectives for the country to exploit its competitiveness in international markets
This paper reviews the effects of Plano Reals macroeconomic policies on agriculture and discusses the new perspectives open after the strong devaluation of our currency in January 1999. Brazilian agriculture was severely affected by the combination of high interest rates overvalued exchange rate. In addition, it has had to face the problems of excessive reduction in import tariffs, of financed imports and of low economic growth rates in recent years. Some favorable changes in international trade offset, at least partially, the problem of currency overvaluation. Brazil has always been recognized as having a strong comparative advantage in agriculture. The devaluation which occurred, beginning in January 1999, opens better perspectives for the country to exploit its competitiveness in international markets
Revista de Economía Política 1999
v. 19, n. 4(76)
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