Brazil as an emerging economy : a new economic miracle?
By: AMANN, Edmund
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Contributor(s): BAER, Werner.
Material type: 
ArticlePublisher: São Paulo : Editora 34, jul./set. 2012Subject(s): Desenvolvimento Sustentável | Reforma Econômica | Infraestrutura | Inflação | Câmbio | Investimento | Aspecto HistóricoRevista de Economia Política = Brazilian Journal of Political Economy 32, 3, p. 412-423Abstract: This article shows that abundant resources and blind faith in an optimistic future cannot result in sustainable growth in Brazil. There are great deficiencies in various areas which make sustained high growth rates almost impossible to achieve, such as the low investment ratio, deficiencies in creating human capital, high interest rates leading to an uncompetitive exchange rate and a lack of infrastrutural development
This article shows that abundant resources and blind faith in an optimistic future cannot result in sustainable growth in Brazil. There are great deficiencies in various areas which make sustained high growth rates almost impossible to achieve, such as the low investment ratio, deficiencies in creating human capital, high interest rates leading to an uncompetitive exchange rate and a lack of infrastrutural development
v. 32, n. 3(128)
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